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EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES
WHIRLPOOL CORPORATION AND SUBSIDIARIES
Year Ended December 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Earnings before income taxes | $ | 1,114 | $ | 1,031 | $ | 881 | $ | 917 | $ | 558 | ||||||||||
Fixed charges | 220 | 225 | 222 | 231 | 256 | |||||||||||||||
$ | 1,334 | $ | 1,256 | $ | 1,103 | $ | 1,148 | $ | 814 | |||||||||||
Fixed charges | ||||||||||||||||||||
Portion of rents representative of the interest factor | $ | 59 | $ | 60 | $ | 57 | $ | 54 | $ | 57 | ||||||||||
Interest on indebtedness | 155 | 160 | 159 | 172 | 193 | |||||||||||||||
Amortization of debt financing fees | 6 | 5 | 6 | 5 | 6 | |||||||||||||||
$ | 220 | $ | 225 | $ | 222 | $ | 231 | $ | 256 | |||||||||||
Ratio of earnings to fixed charges | 6.1 | 5.6 | 5.0 | 5.0 | 3.2 |