EX-12 2 exhibit1209302010.htm EXHIBIT 12 09-30-2010 exhibit1209302010.htm
Exhibit 12


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

   
   
     
 
Ratio of
 
earnings to
 
fixed charges
(Dollars in millions)
    
     
Earnings(a)
$
1,378 
Plus:
    
   Interest included in expense(b)
  
11,574 
   One-third of rental expense(c)
  
167 
Adjusted “earnings”
$
13,119 
     
Fixed charges:
    
  Interest included in expense(b)
$
11,574 
  Interest capitalized
  
30 
  One-third of rental expense(c)
  
167 
Total fixed charges
$
11,771 
     
Ratio of earnings to fixed charges
  
1.11 
     
     
(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.