<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>8
<FILENAME>ex-12.txt
<DESCRIPTION>EXHIBIT 12
<TEXT>


<PAGE>


                                                                      Exhibit 12


                          HONEYWELL INTERNATIONAL INC.
               COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                         Six Months Ended June 30, 2004
                             (Dollars in millions)

<TABLE>
<S>                                                             <C>
Determination of Earnings:
Income before taxes ..........................................  $  928
Add (Deduct):
    Amortization of capitalized interest .....................      12
    Fixed charges ............................................     219
    Equity income, net of distributions ......................     (24)
                                                                ------
        Total earnings, as defined ...........................  $1,135
                                                                ======

Fixed Charges:
Rents(a) .....................................................  $   53
Interest and other financial charges .........................     166
                                                                ------
                                                                   219
Capitalized interest .........................................       9
                                                                ------
        Total fixed charges ..................................  $  228
                                                                ======
Ratio of earnings to fixed charges ...........................    4.98
                                                                ======
</TABLE>

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


</TEXT>
</DOCUMENT>