Attached files
file | filename |
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EX-10.76 - HONEYWELL INTERNATIONAL INC | c89913_ex10-76.htm |
EX-32.2 - HONEYWELL INTERNATIONAL INC | c89913_ex32-2.htm |
EX-32.1 - HONEYWELL INTERNATIONAL INC | c89913_ex32-1.htm |
EX-31.2 - HONEYWELL INTERNATIONAL INC | c89913_ex31-2.htm |
EX-31.1 - HONEYWELL INTERNATIONAL INC | c89913_ex31-1.htm |
EX-24 - HONEYWELL INTERNATIONAL INC | c89913_ex24.htm |
EX-23.1 - HONEYWELL INTERNATIONAL INC | c89913_ex23-1.htm |
EX-21 - HONEYWELL INTERNATIONAL INC | c89913_ex21.htm |
EX-10.74 - HONEYWELL INTERNATIONAL INC | c89913_ex10-74.htm |
10-K - HONEYWELL INTERNATIONAL INC | c89913_10k.htm |
EXHIBIT 12
HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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2017 |
2016 |
2015 |
2014 |
2013 |
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Determination of Earnings: |
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Income before taxes |
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$ |
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6,902 |
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$ |
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6,447 |
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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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Add (Deduct): |
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Amortization of capitalized interest |
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19 |
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19 |
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19 |
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19 |
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20 |
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Fixed charges |
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353 |
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379 |
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356 |
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364 |
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371 |
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Equity income, net of distributions |
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(39 |
) |
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(31 |
) |
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(30 |
) |
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(36 |
) |
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(36 |
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Total earnings, as defined |
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$ |
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7,235 |
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$ |
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6,814 |
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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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Fixed Charges: |
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Rents(1) |
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$ |
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37 |
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$ |
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41 |
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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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Interest and other financial charges |
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316 |
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338 |
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310 |
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318 |
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327 |
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353 |
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379 |
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356 |
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364 |
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371 |
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Capitalized interest |
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16 |
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22 |
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20 |
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21 |
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19 |
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Total fixed charges |
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$ |
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369 |
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$ |
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401 |
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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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Ratio of Earnings to Fixed Charges |
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19.61 |
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16.99 |
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18.43 |
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16.01 |
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14.79 |
(1) |
Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases. |