Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - ECOLAB INC. | a16-19670_3ex5d1.htm |
| EX-4.2 - EX-4.2 - ECOLAB INC. | a16-19670_3ex4d2.htm |
| EX-1.1 - EX-1.1 - ECOLAB INC. | a16-19670_3ex1d1.htm |
| 8-K - 8-K - ECOLAB INC. | a16-19670_38k.htm |
Exhibit 12
ECOLAB INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
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Six Months |
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June 30 |
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Year Ended December 31 |
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2016 |
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2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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Earnings |
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Pre-tax income from continuing operations before income or loss from equity investees |
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$ |
652.6 |
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$ |
1,317.7 |
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$ |
1,698.4 |
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$ |
1,298.3 |
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$ |
1,012.6 |
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$ |
679.6 |
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Fixed charges, as computed below |
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177.2 |
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327.4 |
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347.0 |
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343.5 |
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346.6 |
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125.4 |
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Total earnings including fixed charges |
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$ |
829.8 |
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$ |
1,645.1 |
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$ |
2,045.4 |
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$ |
1,641.8 |
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$ |
1,359.2 |
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$ |
805.0 |
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Fixed Charges |
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Interest expense and amortization of debt premiums and discounts related to indebtedness |
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$ |
140.4 |
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$ |
253.7 |
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$ |
268.0 |
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$ |
272.8 |
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$ |
285.6 |
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$ |
82.1 |
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Appropriate portion (1/3) of rentals representative of the interest factor |
|
36.8 |
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73.7 |
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79.0 |
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70.7 |
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61.0 |
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43.3 |
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Total fixed charges |
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$ |
177.2 |
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$ |
327.4 |
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$ |
347.0 |
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$ |
343.5 |
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$ |
346.6 |
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$ |
125.4 |
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Ratio of earnings to fixed charges |
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4.68 |
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5.03 |
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5.89 |
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4.78 |
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3.92 |
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6.42 |
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