EX-12 4 c98977exv12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
JOHNSON CONTROLS, INC.
COMPUTATION OF RATIO OF EARNINGS TO
FIXED CHARGES

(Dollars in millions)
         
    For the Year Ended  
    September 30, 2005  
Income from continuing operations
  $ 757.2  
Provision for income taxes
    205.1  
Minority interests in net earnings of subsidiaries
    41.1  
Income from equity affiliates
    (71.8 )
Distributed income of equity affiliates
    25.3  
Amortization of previously capitalized interest
    7.5  
Fixed charges less capitalized interest
    203.0  
 
     
Earnings
    1,167.4  
 
     
 
       
Fixed charges:
       
Interest incurred and amortization of debt expense
    133.5  
Estimated portion of rent expense
    80.7  
 
     
Fixed charges
    214.2  
Less: Interest capitalized during the period
    (11.2 )
 
     
Fixed charges less capitalized interest
    203.0  
 
     
 
       
Ratio of earnings to fixed charges
    5.5  
 
     
For the purpose of computing this ratio, “earnings” consist of income from continuing operations before income taxes, minority interest in earnings or losses of consolidated subsidiaries and income from equity affiliates plus (a) amortization of previously capitalized interest, (b) distributed income from equity affiliates and (c) fixed charges, minus interest capitalized during the period. “Fixed charges” consist of (a) interest incurred and amortization of debt expense plus (b) the portion of rent expense representative of the interest factor.