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, 2006
(Dollars in millions)

 

 

 

 

 

Determination of Earnings:

 

 

 

 

Income before taxes

 

$

575

 

Add (Deduct):

 

 

 

 

Amortization of capitalized interest

 

 

6

 

Fixed charges

 

 

116

 

Equity income, net of distributions

 

 

2

 

 

 

 

Total earnings, as defined

 

$

699

 

 

 

 

Fixed Charges:

 

 

 

 

Rents(a)

 

$

27

 

Interest and other financial charges

 

 

89

 

 

 

 

 

 

 

116

 

Capitalized interest

 

 

5

 

 

 

 

Total fixed charges

 

$

121

 

 

 

 

Ratio of earnings to fixed charges

 

 

5.78

 

 

 

 

 

 

(a)

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