EX-12 3 c67090_ex12.htm

EXHIBIT 12

 

HONEYWELL INTERNATIONAL INC.

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Nine Months Ended

September 30, 2011

(Dollars in millions)

 

 

 

 

 

Determination of Earnings:

 

 

 

 

Income from continuing operations before taxes

 

$

2,939

 

Add (Deduct):

 

 

 

 

Amortization of capitalized interest

 

 

16

 

Fixed charges

 

 

334

 

Equity income, net of distributions

 

 

(36

)

 

 

 

Total earnings, as defined

 

$

3,253

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

Rents(a)

 

$

49

 

Interest and other financial charges

 

 

285

 

 

 

 

 

 

 

334

 

Capitalized interest

 

 

9

 

 

 

 

Total fixed charges

 

$

343

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

9.48

 

 

 

 

 

 

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

53