EX-12 3 y62722exv12.htm COMPUTATION OF RATIO OF EARNINGS COMPUTATION OF RATIO OF EARNINGS
 

Exhibit 12

ROCKWELL AUTOMATION, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED JUNE 30, 2002
(in millions, except ratio)

             
EARNINGS AVAILABLE FOR FIXED CHARGES:
       
 
Income from continuing operations before income taxes and accounting change
  $ 169  
 
Minority interest in income of subsidiaries
    1  
 
   
 
 
    170  
 
   
 
 
       
 
Add fixed charges included in earnings:
       
   
Interest expense
    50  
   
Interest element of rentals
    31  
 
   
 
 
    81  
 
   
 
 
Total earnings available for fixed charges
  $ 251  
 
   
 
 
       
FIXED CHARGES:
       
 
Fixed charges included in earnings
  $ 81  
 
Capitalized interest
     
 
   
 
   
Total fixed charges
  $ 81  
 
   
 
 
       
RATIO OF EARNINGS TO FIXED CHARGES (1)
    3.10  
 
   
 

(1)   In computing the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes and accounting change, adjusted for minority interest in income or loss of subsidiaries, undistributed earnings and losses of affiliates, and fixed charges exclusive of capitalized interest. Fixed charges consist of interest on borrowings and that portion of rentals deemed representative of the interest factor.