EXHIBIT 12
HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended
March 31, 2014
(Dollars in millions)
Determination of Earnings: | ||||
Income before taxes | $ | 1,411 | ||
Add (Deduct): | ||||
Amortization of capitalized interest | 5 | |||
Fixed charges | 90 | |||
Equity income, net of distributions | (6 | ) | ||
Total earnings, as defined | $ | 1,500 | ||
Fixed Charges: | ||||
Rents(a) | $ | 11 | ||
Interest and other financial charges | 79 | |||
90 | ||||
Capitalized interest | 5 | |||
Total fixed charges | $ | 95 | ||
Ratio of Earnings to Fixed Charges | 15.79 |
(a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.