EX-12 3 ex12.txt EXHIBIT 12 Exhibit 12 HONEYWELL INTERNATIONAL INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Nine Months Ended September 30, 2002 (Dollars in millions) Determination of Earnings: Income before taxes..................................................... $1,402 Add (Deduct): Amortization of capitalized interest................................ 18 Fixed charges....................................................... 341 Equity income, net of distributions................................. (17) ------ Total earnings, as defined...................................... $1,744 ====== Fixed Charges: Rents(a)................................................................ $ 80 Interest and other financial charges.................................... 261 ------ 341 Capitalized interest.................................................... 16 ------ Total fixed charges............................................. $ 357 ====== Ratio of earnings to fixed charges...................................... 4.89 ======
---------- (a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.