EX-12 8 dex12.htm COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES Computations of Ratios of Earnings to Fixed Charges

Exhibit 12

INGERSOLL-RAND PLC

COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollar Amounts in Millions)

 

     Years Ended December 31,  
      2010     2009     2008     2007     2006  

Earnings (loss) from continuing operations before income taxes

   $   983.7      $   564.5      $   (2,720.7   $ 984.1      $   886.8   

Net earnings attributable to noncontrolling interests

     22.9        24.9        20.0        14.3        14.9   

(Earnings) loss from equity method investees

     (11.5     (8.0     (3.4     (1.6     0.1   
        

Sub-total

     995.1        581.4        (2,704.1     996.8        901.8   

Fixed charges

     350.2        366.8        292.0        160.2        159.0   

Dividend from equity method investees

     12.3        11.3        13.2        -          -     

Capitalized interest

     -          (0.7     (1.0     (0.6     (3.2
        

Total earnings (loss)

   $ 1,357.6      $ 958.8      $ (2,399.9   $ 1,156.4      $ 1,057.6   
        

Fixed charges:

          

Interest expense

   $ 283.2      $ 301.6      $ 243.2      $ 136.1      $ 133.6   

Capitalized interest

     -          0.7        1.0        0.6        3.2   

Rentals (one-third of rentals)

     67.0        64.5        47.8        23.5        22.2   
        

Total fixed charges

   $ 350.2      $ 366.8      $ 292.0      $ 160.2      $ 159.0   
        

Ratio of earnings to fixed charges

     3.9        2.6        -          7.2        6.7   
        

Deficiency in the coverage of fixed charges by earnings before fixed charges

                   $ (2,691.9