EX-12 6 exhibit_12.htm EX. 12 - RATIOS OF PROFIT TO FIXED CHARGES EXHIBIT 12
             

EXHIBIT 12

CATERPILLAR INC.,
CONSOLIDATED SUBSIDIARY COMPANIES,
AND 50%-OWNED UNCONSOLIDATED AFFILIATED COMPANIES

STATEMENT SETTING FORTH COMPUTATION
OF RATIOS OF PROFIT TO FIXED CHARGES
(Millions of dollars)

YEARS ENDED DECEMBER 31,

     

2001

  

2000

  

1999

Profit

 

$

805

  

$

1,053

  

$

946

Add:

                  
 

Provision for income taxes

  

$

359

  

$

439

    

448

Profit before taxes

 

$

1,164

  

$

1,492

  

$

1,394

Fixed charges:

                  
 

Interest and other costs related to borrowed funds(1)

  

$

948

  

$

988

  

$

835
 

Rentals at computed interest factors(2)

    

86

    

90

    

83
     
 
 

Total fixed charges

 

$

1,034

  

$

1,078

  

$

918

Profit before provision for income taxes and fixed charges

 

$

2,198

  

$

2,570

  

$

2,312
     
 
 

Ratio of profit to fixed charges

   

2.1

    

2.4

    

2.5

(1) Interest expense as reported in Consolidated Results of Operations plus the Company's proportionate share of 50 percent-owned      unconsolidated affiliated companies' interest expense.

(2) Amounts represent those portions of rent expense that are reasonable approximations of interest costs.