Attached files
file | filename |
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10-K - 10-K - Snap-on Inc | d491312d10k.htm |
EX-32.2 - EX-32.2 - Snap-on Inc | d491312dex322.htm |
EX-32.1 - EX-32.1 - Snap-on Inc | d491312dex321.htm |
EX-31.2 - EX-31.2 - Snap-on Inc | d491312dex312.htm |
EX-31.1 - EX-31.1 - Snap-on Inc | d491312dex311.htm |
EX-23 - EX-23 - Snap-on Inc | d491312dex23.htm |
EX-21 - EX-21 - Snap-on Inc | d491312dex21.htm |
EX-10.(C) - EX-10.(C) - Snap-on Inc | d491312dex10c.htm |
EX-10.(B) - EX-10.(B) - Snap-on Inc | d491312dex10b.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings before income taxes |
$ | 821.9 | $ | 801.4 | $ | 710.5 | $ | 630.9 | $ | 526.2 | ||||||||||
Fixed charges: |
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Interest on debt |
$ | 51.8 | $ | 51.5 | $ | 51.0 | $ | 51.8 | $ | 55.3 | ||||||||||
Interest element of rentals |
2.7 | 2.6 | 2.7 | 2.9 | 2.7 | |||||||||||||||
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Total fixed charges |
$ | 54.5 | $ | 54.1 | $ | 53.7 | $ | 54.7 | $ | 58.0 | ||||||||||
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Total adjusted earnings available for |
$ | 876.4 | $ | 855.5 | $ | 764.2 | $ | 685.6 | $ | 584.2 | ||||||||||
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Ratio of earnings to fixed charges |
16.1 | 15.8 | 14.2 | 12.5 | 10.1 |
120 | SNAP-ON INCORPORATED |