EXHIBIT 12

HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	2005			2004			2003			2002			2001
	(In millions)
Determination of Earnings:
Income (loss) from continuing operations before taxes	$	2,323		$	1,680		$	1,640		$	(945	)	$	(422	)
Add (Deduct):
Amortization of capitalized interest		22			24			24			24			25
Fixed charges		465			438			440			435			512
Equity income, net of distributions		(30	)		(75	)		(38	)		(42	)		199
Total earnings, as defined	$	2,780		$	2,067		$	2,066		$	(528	)	$	314
Fixed Charges:
Rents(a)	$	109		$	107		$	105		$	91		$	107
Interest and other financial charges		356			331			335			344			405
		465			438			440			435			512
Capitalized interest		17			18			15			21			17
Total fixed charges	$	482		$	456		$	455		$	456		$	529
Ratio of earnings to fixed charges		5.77			4.53			4.54			(1.16	)(b)		0.59	(b)

(a)	Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.
(b)	The ratio of earnings to fixed charges was less than 1:1 for the years ended December 31, 2002 and 2001. In order to have achieved a ratio of earnings to fixed charges of 1:1, we would have had to have generated an additional $984 and $215 million of earnings in the years ended December 31, 2002 and 2001, respectively.