EX-12 10 c60039_ex12.htm

EXHIBIT 12

HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Determination of Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operation before taxes

 

$

2,978

 

$

3,821

 

$

3,337

 

$

2,815

 

$

2,306

 

Add (Deduct):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of capitalized interest

 

 

21

 

 

22

 

 

22

 

 

22

 

 

22

 

Fixed charges

 

 

540

 

 

542

 

 

543

 

 

488

 

 

465

 

Equity income, net of distributions

 

 

(26

)

 

(63

)

 

(10

)

 

(7

)

 

(30

)

 

 

 

 

 

 

 

Total earnings, as defined

 

$

3,513

 

$

4,322

 

$

3,892

 

$

3,318

 

$

2,763

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rents (a)

 

$

81

 

$

86

 

$

87

 

$

114

 

$

109

 

Interest and other financial charges

 

 

459

 

 

456

 

 

456

 

 

374

 

 

356

 

 

 

 

 

 

 

 

 

 

 

540

 

 

542

 

 

543

 

 

488

 

 

465

 

Capitalized interest

 

 

15

 

 

26

 

 

22

 

 

22

 

 

17

 

 

 

 

 

 

 

 

Total fixed charges

 

$

555

 

$

568

 

$

565

 

$

510

 

$

482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

6.33

 

 

7.61

 

 

6.89

 

 

6.51

 

 

5.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.

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