Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Snap-on Inc | d308837d10k.htm |
| EX-32.2 - EX-32.2 - Snap-on Inc | d308837dex322.htm |
| EX-32.1 - EX-32.1 - Snap-on Inc | d308837dex321.htm |
| EX-31.2 - EX-31.2 - Snap-on Inc | d308837dex312.htm |
| EX-31.1 - EX-31.1 - Snap-on Inc | d308837dex311.htm |
| EX-23 - EX-23 - Snap-on Inc | d308837dex23.htm |
| EX-21 - EX-21 - Snap-on Inc | d308837dex21.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Earnings before income taxes |
$ | 801.4 | $ | 710.5 | $ | 630.9 | $ | 526.2 | $ | 460.2 | ||||||||||
| Fixed charges: |
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| Interest on debt |
$ | 51.5 | $ | 51.0 | $ | 51.8 | $ | 55.3 | $ | 55.2 | ||||||||||
| Interest element of rentals |
2.6 | 2.7 | 2.9 | 2.7 | 2.4 | |||||||||||||||
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| Total fixed charges |
$ | 54.1 | $ | 53.7 | $ | 54.7 | $ | 58.0 | $ | 57.6 | ||||||||||
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| Total adjusted earnings available for |
$ | 855.5 | $ | 764.2 | $ | 685.6 | $ | 584.2 | $ | 517.8 | ||||||||||
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| Ratio of earnings to fixed charges |
15.8 | 14.2 | 12.5 | 10.1 | 9.0 | |||||||||||||||
| 2016 ANNUAL REPORT | 115 |