Attached files
file | filename |
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EX-24 - HONEYWELL INTERNATIONAL INC | c83288_ex24.htm |
10-K - HONEYWELL INTERNATIONAL INC | c83288_10k.htm |
EX-21 - HONEYWELL INTERNATIONAL INC | c83288_ex21.htm |
EX-10.9 - HONEYWELL INTERNATIONAL INC | c83288_ex10-9.htm |
EX-10.7 - HONEYWELL INTERNATIONAL INC | c83288_ex10-7.htm |
EX-23.2 - HONEYWELL INTERNATIONAL INC | c83288_ex23-2.htm |
EX-32.2 - HONEYWELL INTERNATIONAL INC | c83288_ex32-2.htm |
EX-31.1 - HONEYWELL INTERNATIONAL INC | c83288_ex31-1.htm |
EX-32.1 - HONEYWELL INTERNATIONAL INC | c83288_ex32-1.htm |
EX-10.8 - HONEYWELL INTERNATIONAL INC | c83288_ex10-8.htm |
EX-23.1 - HONEYWELL INTERNATIONAL INC | c83288_ex23-1.htm |
EX-31.2 - HONEYWELL INTERNATIONAL INC | c83288_ex31-2.htm |
EX-10.16 - HONEYWELL INTERNATIONAL INC | c83288_ex10-16.htm |
EXHIBIT 12
HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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2015 |
2014 |
2013 |
2012 |
2011 |
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Determination of Earnings: |
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Income before taxes |
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$ |
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6,586 |
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$ |
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5,818 |
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$ |
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5,412 |
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$ |
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3,875 |
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$ |
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2,282 |
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Add (Deduct): |
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Amortization of capitalized interest |
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19 |
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19 |
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20 |
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20 |
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20 |
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Fixed charges |
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356 |
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364 |
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371 |
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404 |
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432 |
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Equity income, net of distributions |
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(30 |
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(36 |
) |
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(36 |
) |
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(45 |
) |
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(51 |
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Total earnings, as defined |
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$ |
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6,931 |
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$ |
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6,165 |
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$ |
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5,767 |
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$ |
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4,254 |
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$ |
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2,683 |
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Fixed Charges: |
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Rents(1) |
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$ |
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46 |
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$ |
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46 |
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$ |
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44 |
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$ |
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53 |
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$ |
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56 |
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Interest and other financial charges |
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310 |
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318 |
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327 |
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351 |
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376 |
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356 |
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364 |
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371 |
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404 |
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432 |
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Capitalized interest |
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20 |
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21 |
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19 |
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18 |
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13 |
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Total fixed charges |
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$ |
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376 |
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$ |
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385 |
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$ |
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390 |
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$ |
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422 |
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$ |
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445 |
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Ratio of Earnings to Fixed Charges |
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18.43 |
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16.01 |
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14.79 |
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10.08 |
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6.03 |
(1) |
Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases. |