EX-12 2 geccex1206302010.htm GECC EX 12 06-30-2010 geccex1206302010.htm
Exhibit 12


General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Six months ended June 30, 2010
 
(Unaudited)
 

   
   
     
 
Ratio of
 
earnings to
 
fixed charges
(Dollars in millions)
    
     
Earnings(a)
$
643 
Plus:
    
   Interest included in expense(b)
  
7,792 
   One-third of rental expense(c)
  
116 
Adjusted “earnings”
$
8,551 
     
Fixed Charges:
    
  Interest included in expense(b)
$
7,792 
  Interest capitalized
  
20 
  One-third of rental expense(c)
  
116 
Total fixed charges
$
7,928 
     
Ratio of earnings to fixed charges
  
1.08 
     
     
(a)  
Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
 
(b)  
Included interest on tax deficiencies.
 
(c)  
Considered to be representative of interest factor in rental expense.