PRAXAIR INC - FORM 10-K - EX-12.01 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 28, 2018

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EX-32.02 - SECTION 1350 CERTIFICATION - PRAXAIR INCpx-20171231xex3202.htm
EX-32.01 - SECTION 1350 CERTIFICATION - PRAXAIR INCpx-20171231xex3201.htm
EX-31.02 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INCpx-20171231xex3102.htm
EX-31.01 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INCpx-20171231xex3101.htm
EX-23.01 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - PRAXAIR INCpx-20171231xex2301.htm
EX-21.01 - SUBSIDIARIES OF PRAXAIR, INC. - PRAXAIR INCpx-20171231xex2101.htm
EX-10.27A - RESTRICTED STOCK UNIT AWARD UNDER AMENDED RESTATED 2009 LONG TERM INCENTIVE PLAN - PRAXAIR INCpx-20171231xex1027a.htm
EX-10.26A - TRANSFERABLE OPTION AWARD UNDER AMENDED RESTATED 2009 LONG TERM INCENTIVE PLAN - PRAXAIR INCpx-20171231xex1026a.htm
EX-10.05M - THIRD AMENDMENT TO PRAXAIR, INC. SUPPLEMENTAL RETIREMENT INCOME PLAN A - PRAXAIR INCpx-20171231xex1005m.htm
EX-10.05L - FOURTH AMENDMENT TO PRAXAIR, INC. SUPPLEMENTAL RETIREMENT INCOME PLAN B - PRAXAIR INCpx-20171231xex1005l.htm
EX-10.05K - THIRD AMENDMENT TO PRAXAIR, INC. EQUALIZATION BENEFIT PLAN - PRAXAIR INCpx-20171231xex1005k.htm
10-K - FORM 10-K - PRAXAIR INCpx201710-k.htm


 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Praxair, Inc. and Subsidiaries
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
(Dollar amounts in millions, except ratios)
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations before adjustment for
 
 
 
 
 
 
 
 
 
   noncontrolling interests in consolidated subsidiaries or income or
 
 
 
 
 
 
 
 
 
   loss from equity investees
$
2,287

 
$
2,048

 
$
2,160

 
$
2,395

 
$
2,447

      Capitalized interest
(28
)
 
(34
)
 
(33
)
 
(38
)
 
(69
)
      Depreciation of capitalized interest
17

 
19

 
22

 
27

 
20

      Dividends from less than 50%-owned companies carried at equity
111

 
8

 
11

 
6

 
10

Adjusted pre-tax income from continuing operations before adjustment
 
 
 
 
 
 
 
 
 
   for noncontrolling interests in consolidated subsidiaries or income
 
 
 
 
 
 
 
 
 
    or loss from equity investees
$
2,387

 
$
2,041

 
$
2,160

 
$
2,390

 
$
2,408

Fixed charges
 
 
 
 
 
 
 
 
 
   Interest on long-term and short-term debt
$
161

 
$
190

 
$
161

 
$
213

 
$
178

   Capitalized interest
28

 
34

 
33

 
38

 
69

   Rental expenses representative of an interest factor
49

 
47

 
47

 
52

 
43

Total fixed charges
$
238

 
$
271

 
$
241

 
$
303

 
$
290

 
 
 
 
 
 
 
 
 
 
Adjusted pre-tax income from continuing operations before adjustment
 
 
 
 
 
 
 
 
 
  for noncontrolling interests in consolidated subsidiaries or income or
 
 
 
 
 
 
 
 
 
  loss from equity investees plus total fixed charges
$
2,625

 
$
2,312

 
$
2,401

 
$
2,693

 
$
2,698

RATIO OF EARNINGS TO FIXED CHARGES
11.0

 
8.5

 
10.0

 
8.9

 
9.3




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