Attached files
| file | filename |
|---|---|
| 10-Q - PRAXAIR, INC. 2018 FIRST QUARTER FORM 10-Q - PRAXAIR INC | px-q1201810q.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION - PRAXAIR INC | px-20180331xex3201.htm |
| EX-10.01 - SEPARATION AGREEMENT AND GENERAL RELEASE - PRAXAIR INC | px-20180331xex1001.htm |
| EX-31.02 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INC | px-20180331xex3102.htm |
| EX-31.01 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INC | px-20180331xex3101.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION - PRAXAIR INC | px-20180331xex3202.htm |
RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Praxair, Inc. and Subsidiaries | |||||||||||||||||||
Exhibit 12.01 | |||||||||||||||||||
Three Months Ended March 31, | Year Ended December 31, | ||||||||||||||||||
(Dollar amounts in millions, except ratios) | 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||||
Pre-tax income from continuing operations before adjustment for | |||||||||||||||||||
noncontrolling interests in consolidated subsidiaries or income or | |||||||||||||||||||
loss from equity investees | $ | 605 | $ | 2,287 | $ | 2,048 | $ | 2,160 | $ | 2,395 | |||||||||
Capitalized interest | (4 | ) | (28 | ) | (34 | ) | (33 | ) | (38 | ) | |||||||||
Depreciation of capitalized interest | 6 | 17 | 19 | 22 | 27 | ||||||||||||||
Dividends from less than 50%-owned companies carried at equity | 19 | 111 | 8 | 11 | 6 | ||||||||||||||
Adjusted pre-tax income from continuing operations before adjustment | |||||||||||||||||||
for noncontrolling interests in consolidated subsidiaries or income | |||||||||||||||||||
or loss from equity investees | $ | 626 | $ | 2,387 | $ | 2,041 | $ | 2,160 | $ | 2,390 | |||||||||
Fixed charges | |||||||||||||||||||
Interest on long-term and short-term debt | $ | 46 | $ | 161 | $ | 190 | $ | 161 | $ | 213 | |||||||||
Capitalized interest | 4 | 28 | 34 | 33 | 38 | ||||||||||||||
Rental expenses representative of an interest factor | 12 | 49 | 47 | 47 | 52 | ||||||||||||||
Total fixed charges | $ | 62 | $ | 238 | $ | 271 | $ | 241 | $ | 303 | |||||||||
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 | $ | 688 | $ | 2,625 | $ | 2,312 | $ | 2,401 | $ | 2,693 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 11.1 | 11.0 | 8.5 | 10.0 | 8.9 | ||||||||||||||