Eaton Corporation plc

2015 Annual Report on Form 10-K

Item 15(b)

Exhibit 12

Ratio of Earnings to Fixed Charges

	Year ended December 31
(In millions)	2015			2014			2013		2012			2011
Income from continuing operations before income taxes and   noncontrolling interests in consolidated subsidiaries	$	2,145		$	1,761		$	1,884	$	1,251		$	1,553
Adjustments
(Income) loss of equity investees	(11		)	(6		)	2		(2		)	(2		)
Distributed income of equity investees	9			4			77		19			3
Interest expensed	237			250			290		165			154
Amortization of debt issue costs	8			9			10		74			4
Estimated portion of rent expense representing interest	75			81			80		66			65
Amortization of capitalized interest	10			14			13		12			10
Adjusted income from continuing operations before   income taxes	$	2,473		$	2,113		$	2,356	$	1,585		$	1,787
Fixed charges
Interest expensed	$	237		$	250		$	290	$	165		$	154
Interest capitalized	13			13			11		23			18
Amortization of debt issue costs	8			9			10		74			4
Estimated portion of rent expense representing interest	75			81			80		66			65
Total fixed charges	$	333		$	353		$	391	$	328		$	241
Ratio of earnings to fixed charges	7.43			5.99			6.03		4.83			7.41