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10-K - 10-K - S&P Global Inc.spgi-20171231x10k.htm
EX-32 - EXHIBIT 32 - S&P Global Inc.spgi-ex32x20171231xq4.htm
EX-31.2 - EXHIBIT 31.2 - S&P Global Inc.spgi-ex312x20171231xq4.htm
EX-31.1 - EXHIBIT 31.1 - S&P Global Inc.spgi-ex311x20171231xq4.htm
EX-23 - EXHIBIT 23 - S&P Global Inc.spgi-ex23x20171231xq4.htm
EX-21 - EXHIBIT 21 - S&P Global Inc.spgi-ex21x20171231xq4.htm
EX-10.44 - EXHIBIT 10.44 - S&P Global Inc.spgi-ex1044x20171231.htm
EX-10.43 - EXHIBIT 10.43 - S&P Global Inc.spgi-ex1043x20171231.htm


Exhibit (12)
S&P Global Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions)
 
 
Years ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes on income
$
2,461

 
$
3,188

 
$
1,815

 
$
54

 
$
1,299

 
Fixed charges
211

  
243

  
162

  
118

  
124

  
Total earnings
$
2,672

  
$
3,431

  
$
1,977

  
$
172

  
$
1,423

  
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
$
147

  
$
179

  
$
101

  
$
58

  
$
62

  
Portion of rental payments deemed to be interest
59

  
59

  
59

  
59

  
61

  
Amortization of debt issuance costs and discount
5

  
5

  
2

  
1

  
1

  
Total fixed charges
$
211

  
$
243

  
$
162

  
$
118

  
$
124

  
Ratio of earnings to fixed charges:
12.7

14.1

12.2

1.5

11.5