DANAHER CORP /DE/ - FORM 10-Q - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - July 19, 2017

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EX-32.2 - SECTION 906 CFO CERTIFICATION - DANAHER CORP /DE/dhr-2017630xexx322.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - DANAHER CORP /DE/dhr-2017630xexx321.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - DANAHER CORP /DE/dhr-2017630xexx312.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - DANAHER CORP /DE/dhr-2017630xexx311.htm
EX-10.7 - 2007 OMNIBUS INCENTIVE PLAN PERFORMANCE STOCK UNIT AGREEMENT - DANAHER CORP /DE/dhr-2017630xexx107.htm
EX-10.6 - 2007 OMNIBUS INCENTIVE PLAN RESTRICTED STOCK UNIT AGREEMENT - DANAHER CORP /DE/dhr-2017630xexx106.htm
EX-10.5 - 2007 OMNIBUS INCENTIVE PLAN STOCK OPTION AGREEMENT - DANAHER CORP /DE/dhr-2017630xexx105.htm
EX-10.4 - 2007 OMNIBUS INCENTIVE PLAN RSU AGREEMENT (NON-EMPLOYEE DIRECTORS) - DANAHER CORP /DE/dhr-2017630xexx104.htm
EX-10.3 - 2007 OMNIBUS INCENTIVE PLAN STOCK OPTION AGREEMENT (NON-EMPLOYEE DIRECTORS) - DANAHER CORP /DE/dhr-2017630xexx103.htm
EX-10.1 - 2007 OMNIBUS INCENTIVE PLAN - DANAHER CORP /DE/dhr-2017630xexx101.htm
10-Q - 10-Q - DANAHER CORP /DE/dhr-2017630x10q.htm


Exhibit 12.1
DANAHER CORPORATION
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in millions, except ratio data)

 
Six-Month Period Ended
 
Year Ended December 31
 
June 30, 2017
 
2016
 
2015
 
2014
 
2013
 
2012
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Gross interest expense
$
81.0

 
$
204.1

 
$
162.8

 
$
119.1

 
$
141.2

 
$
152.6

Interest element of rental expense
3.8

 
10.0

 
14.0

 
12.9

 
12.7

 
12.3

Interest on unrecognized tax benefits
—

 
—

 
—

 
—

 
—

 
—

Total fixed charges
$
84.8

 
$
214.1

 
$
176.8

 
$
132.0

 
$
153.9

 
$
164.9

 
 
 
 
 
 
 
 
 
 
 
 
Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations (excluding earnings from equity investees) before income taxes plus distributed income of equity investees
$
1,230.0

 
$
2,611.3

 
$
2,039.4

 
$
2,086.2

 
$
2,249.4

 
$
1,664.0

Add fixed charges
84.8

 
214.1

 
176.8

 
132.0

 
153.9

 
164.9

Interest on unrecognized tax benefits
—

 
—

 
—

 
—

 
—

 
—

Total earnings available for fixed charges
$
1,314.8

 
$
2,825.4

 
$
2,216.2

 
$
2,218.2

 
$
2,403.3

 
$
1,828.9

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
15.5

 
13.2

 
12.5

 
16.8

 
15.6

 
11.1

 
 
 
 
 
 
 
 
 
 
 
 
NOTE:  These ratios include Danaher Corporation and its consolidated subsidiaries. The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges for the periods indicated, where “earnings” consist of (1) earnings from continuing operations (excluding earnings from equity investees) before income taxes plus distributed income of equity investees; plus (2) fixed charges, and “fixed charges” consist of (A) interest, whether expensed or capitalized, on all indebtedness, (B) amortization of premiums, discounts and capitalized expenses related to indebtedness, and (C) an interest component representing the estimated portion of rental expense that management believes is attributable to interest. Interest on unrecognized tax benefits is included in the tax provision in the Company's Consolidated Statements of Earnings and is excluded from the computation of fixed charges.



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