EX-12 4 ex-12.txt EXHIBIT 12 EXHIBIT 12 HONEYWELL INTERNATIONAL INC. STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- (IN MILLIONS) DETERMINATION OF EARNINGS: Income (loss) before taxes............................. (422) 2,398 2,248 2,772 2,419 Add (Deduct): Amortization of capitalized interest............... 25 25 25 25 24 Fixed charges...................................... 512 583 362 362 360 Equity income, net of distributions................ 199 132 (46) (44) (58) ----- ----- ----- ----- ----- Total earnings, as defined..................... 314 3,138 2,589 3,115 2,745 ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- FIXED CHARGES: Rents(a)............................................... 107 102 97 87 83 Interest and other financial charges................... 405 481 265 275 277 ----- ----- ----- ----- ----- 512 583 362 362 360 Capitalized interest................................... 17 16 22 25 21 ----- ----- ----- ----- ----- Total fixed charges............................ 529 599 384 387 381 ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- Ratio of earnings to fixed charges..................... 0.59 5.24 6.74 8.05 7.20 ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
--------- (a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.