EXHIBIT 12 | ||||||||||
INGERSOLL-RAND COMPANY LIMITED | ||||||||||
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||||||||
(Dollar Amounts in Millions) | ||||||||||
Three Months |
| |||||||||
2002 | 2001 | 2000 | 1999 | 1998 | ||||||
Fixed charges: | ||||||||||
Interest expense | $ 59.6 | $254.3 | $ 286.6 | $ 204.5 | $ 225.9 | |||||
Amortization of debt discount and expense | 3.5 | 8.8 | 6.1 | 6.7 | 7.0 | |||||
Rentals (one-third of rentals) | 9.1 | 36.3 | 28.2 | 23.9 | 23.8 | |||||
Capitalized interest | 1.0 | 4.0 | 4.4 | 4.0 | 4.0 | |||||
Equity-linked security charges | - | 8.3 | 25.6 | 25.6 | 19.7 | |||||
Total fixed charges | $ 73.2 | $311.7 | $ 350.9 | $ 264.7 | $ 280.4 | |||||
Net earnings from continuing operations | $ 80.9 | $246.2 | $ 546.2 | $ 563.1 | $ 481.6 | |||||
Add: | Minority income of majority- | |||||||||
owned subsidiaries | 3.4 | 20.1 | 39.3 | 29.1 | 23.5 | |||||
Taxes on income from continuing operations | 17.6 | ( 2.9 | ) | 284.4 | 307.1 | 257.6 | ||||
Fixed charges | 73.2 | 311.7 | 350.9 | 264.7 | 280.4 | |||||
Less: | Capitalized interest | 1.0 | 4.0 | 4.4 | 4.0 | 4.0 | ||||
Undistributed earnings (losses) from | ||||||||||
less than 50% owned affiliates | - | 0.8 | 9.2 | 27.1 | 33.8 | |||||
Earnings available for fixed charges | $174.1 | $570.3 | $1,207.2 | $1,132.9 | $1,005.3 | |||||
Ratio of earnings to fixed charges | 2.38 | 1.83 | 3.44 | 4.28 | 3.59 | |||||
Undistributed earnings (losses) from less | ||||||||||
than 50% owned affiliates: | ||||||||||
Equity in earnings (losses) | $ 0.4 | $ 3.3 | $ 11.7 | $ 29.3 | $ 37.0 | |||||
Less: | Amounts distributed | 0.4 | 2.5 | 2.5 | 2.2 | 3.2 | ||||
Undistributed earnings (losses) from | ||||||||||
less than 50% owned affiliates | $ - | $ 0.8 | $ 9.2 | $ 27.1 | $ 33.8 |
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10-Q Filing
Ingersoll-Rand Inactive 10-Q2002 Q1 Quarterly report
Filed: 15 May 02, 12:00am