EX-12 6 v066721_ex12.htm Unassociated Document
Exhibit 12
 
INGERSOLL-RAND COMPANY LIMITED
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Millions)

   
Years Ended December 31,
  
   
2006
  
2005
  
2004
  
2003
  
2002
  
Earnings from continuing operations before income taxes
  
$
1,300.0
  
$
1,257.8
  
$
968.2
  
$
608.1
  
$
314.5
  
Minority Interest
    
14.9
   
12.7
   
16.0
   
14.9
   
15.5
 
(Earnings) losses from equity method investees
    
0.1
 
  
(2.1
)
  
(5.7
)
  
1.8
   
(0.6
)
Sub-total
    
1,315.0
   
1,268.4
   
978.5
   
624.8
   
329.4
 
                                 
Fixed charges
    
162.2
   
167.8
   
176.2
   
200.1
   
252.9
 
Dividend from equity method investees
    
-
   
4.4
   
-
   
0.3
   
0.7
 
Capitalized interest
    
(5.8
)
  
(2.9
)
  
(2.2
)
  
(3.1
)
  
(2.8
)
Total Earnings
  
$
1,471.4
  
$
1,437.7
  
$
1,152.5
  
$
822.1
  
$
580.2
  
                                 
Fixed charges:
                                
Interest expense
  
$
131.8
  
$
144.3
  
$
153.1
  
$
175.6
  
$
228.0
  
Capitalized interest
    
5.8
   
2.9
   
2.2
   
3.1
   
2.8
 
Rentals (one-third of rentals)
    
24.6
   
20.6
   
20.9
   
21.4
   
22.1
 
Total fixed charges
  
$
162.2
  
$
167.8
  
$
176.2
  
$
200.1
  
$
252.9
  
                                 
Ratio of earnings to fixed charges
    
9.1
   
8.6
   
6.5
   
4.1
   
2.3
 
                                 
All amounts have been restated to reflect a reclassification of discontinued operations