EXHIBIT 12
HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
Nine Months Ended
September 30, 2010
(Dollars in millions)
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Determination of Earnings: |
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|
|
|
Income before taxes |
|
$ |
1,906 |
|
Add (Deduct): |
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|
|
|
Amortization of capitalized interest |
|
|
16 |
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Fixed charges |
|
|
355 |
|
Equity income, net of distributions |
|
|
(16 |
) |
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Total earnings, as defined |
|
$ |
2,261 |
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|
|
|
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Fixed Charges: |
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|
|
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Rents(a) |
|
$ |
61 |
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Interest and other financial charges |
|
|
294 |
|
|
|
|
|
|
|
|
|
355 |
|
Capitalized interest |
|
|
13 |
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|
|
|
|
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Total fixed charges |
|
$ |
368 |
|
|
|
|
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|
|
|
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Ratio of Earnings to Fixed Charges |
|
|
6.14 |
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(a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases. |