EX-12.2 3 d581986dex122.htm EX-12.2 EX-12.2

Exhibit 12.2

Fortive Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratio data)

 

     Three Months Ended      Year Ended December 31  
     March 30, 2018      March 31, 2017      2017      2016      2015      2014      2013  

Fixed Charges:

                    

Gross Interest Expense

   $ 24.6      $ 22.6      $ 94.0      $ 49.0      $ —        $ —        $ —    

Interest Element of Rental Expense

     0.8        0.9        3.0        3.6        3.6        3.1        3.3  

Interest on Unrecognized Tax Benefits

     —          —          —          —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Fixed Charges

   $ 25.4      $ 23.5      $ 97.0      $ 52.6      $ 3.6      $ 3.1      $ 3.3  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Available for Fixed Charges:

                    

Earnings Before Income Taxes

   $ 312.9      $ 272.3      $ 1,284.2      $ 1,197.0      $ 1,269.7      $ 1,279.2      $ 1,143.2  

Add Fixed Charges

     25.4        23.5        97.0        52.6        3.6        3.1        3.3  

Interest on Unrecognized Tax Benefits

     —          —          —          —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Earnings Available for Fixed Charges

   $ 338.3      $ 295.8      $ 1,381.2      $ 1,249.6      $ 1,273.3      $ 1,282.3      $ 1,146.5  

Ratio of Earnings to Fixed Charges

     13.3        12.6        14.2        23.8        353.7        413.6        347.4  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

NOTE: These ratios include Fortive Corporation and its consolidated subsidiaries. The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges for the periods indicated, where “earnings” consist of (1) earnings before income taxes; plus (2) fixed charges, and “fixed charges” consist of (A) interest, whether expensed or capitalized, on all indebtedness, (B) amortization of premiums, discounts and capitalized expenses related to indebtedness, and (C) an interest component representing the estimated portion of rental expense that management believes is attributable to interest. Interest on unrecognized tax benefits is included in the tax provision in the Company’s Combined Condensed Statements of Earnings and is excluded from the computation of fixed charges.