EX-12 2 ex12.htm EXHIBIT 12

Exhibit 12

HONEYWELL INTERNATIONAL INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Three Months Ended March 31, 2005

(Dollars in millions)

 

Determination of Earnings:

 

 

 

 

Income before taxes

 

$

486

 

Add (Deduct):

 

 

 

 

Amortization of capitalized interest

 

 

6

 

Fixed charges

 

 

118

 

Equity income, net of distributions

 

 

(23

)

Total earnings, as defined

 

$

587

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

Rents(a)

 

$

27

 

Interest and other financial charges

 

 

91

 

 

 

 

118

 

Capitalized interest

 

 

4

 

Total fixed charges

 

$

122

 

Ratio of earnings to fixed charges

 

 

4.81

 
______________

(a)

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