HONEYWELL INC. AND SUBSIDIARIES COMBINED WITH PROPORTIONAL SHARES OF 50% OWNED COMPANIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Unaudited)
(Dollars in Millions) |
Nine Months Ended October 3, 1999 |
||
---|---|---|---|
Income before Income Taxes | $ | 615.6 | |
Deduct: |
|
|
|
Equity income(loss) | 2.0 | ||
Subtotal | 613.6 | ||
Add (deduct): |
|
|
|
Dividends from less than 50% owned companies | 2.7 | ||
Proportional share of income (loss) before income taxes of 50% owned companies | 0.9 | ||
Adjusted income | 617.2 | ||
Fixed Charges |
|
|
|
Interest on indebtedness | 84.6 | ||
Amortization of debt expense | 1.3 | ||
Interest portion of rent expense | 35.9 | ||
Total Fixed Charges |
|
|
121.8 |
Total Available Income |
|
$ |
739.0 |
Ratio of Earnings to Fixed Charges | 6.1 | ||
HONEYWELL INC. AND SUBSIDIARIES COMBINED WITH PROPORTIONAL SHARES OF 50% OWNED COMPANIES