EX-12 4 0004.txt EXHIBIT 12 Exhibit 12 HONEYWELL INTERNATIONAL INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS)
SIX MONTHS ENDED JUNE 30 YEAR ENDED DECEMBER 31 ------------- ------------------------------------- 2000 1999 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- ---- Determination of Earnings: Income before taxes on income 1,614 1,442 2,248 2,772 2,419 2,163 1,767 Add (Deduct): Amortization of capitalized interest 13 13 25 25 24 23 22 Fixed charges 289 176 362 362 360 352 340 Equity (income) loss, net of distributions 20 21 (46) (44) (58) (44) (70) ----- ----- ----- ----- ----- ----- ----- Total earnings, as defined 1,936 1,652 2,589 3,115 2,745 2,494 2,059 ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- Fixed Charges: Rents(a) 49 44 97 87 83 84 88 Interest and other financial charges 240 132 265 275 277 268 252 ----- ----- ----- ----- ----- ----- ----- 289 176 362 362 360 352 340 Capitalized interest 9 12 22 25 21 23 21 ----- ----- ----- ----- ----- ----- ----- Total fixed charges 298 188 384 387 381 375 361 ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- Ratio of earnings to fixed charges 6.50 8.79 6.74 8.05 7.20 6.65 5.70 ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
(a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.