Exhibit 12 | |||||||||||
INGERSOLL-RAND COMPANY LIMITED | |||||||||||
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES | |||||||||||
(Dollar Amounts in Millions) | |||||||||||
Years Ended December 31, | |||||||||||
2002 | 2001 | 2000 | 1999 | 1998 | |||||||
Fixed charges: | |||||||||||
Interest expense | $230.3 | $249.7 | $251.7 | $182.5 | $220.6 | ||||||
Amortization of debt discount and expense | 6.6 | 7.4 | 6.1 | 6.7 | 7.0 | ||||||
Rentals (one-third of rentals) | 27.3 | 33.6 | 25.6 | 22.8 | 22.4 | ||||||
Capitalized interest | 2.8 | 3.2 | 3.6 | 3.0 | 2.9 | ||||||
Equity-linked security charges | 0.0 | 8.3 | 25.6 | 25.6 | 19.7 | ||||||
Total fixed charges | $267.0 | $302.2 | $312.6 | $240.6 | $272.6 | ||||||
Earnings from continuing operations before | |||||||||||
cumulative effect of change in accounting principle | $367.4 | $182.1 | $437.3 | $460.8 | $376.4 | ||||||
Add: | Minority income of majority-owned | ||||||||||
subsidiaries | 14.5 | 20.7 | 39.8 | 29.1 | 23.5 | ||||||
Taxes on income from continuing operations | 20.3 | (48.1) | 226.5 | 239.4 | 208.9 | ||||||
Fixed charges | 267.0 | 302.2 | 312.6 | 240.6 | 272.6 | ||||||
Less: | Capitalized interest | 2.8 | 3.2 | 3.6 | 3.0 | 2.9 | |||||
Undistributed earnings (losses) from | |||||||||||
less than 50% owned affiliates | (0.1) | 0.2 | 0.1 | (0.5) | (0.3) | ||||||
Earnings available for fixed charges | $666.5 | $453.5 | $1,012.5 | $967.4 | $878.8 | ||||||
Ratio of earnings to fixed charges | 2.50 | 1.50 | 3.24 | 4.02 | 3.22 | ||||||
Undistributed earnings (losses) from | |||||||||||
less than 50% owned affiliates: | |||||||||||
Equity in earnings (losses) | $0.6 | $0.9 | $1.0 | $0.2 | $0.1 | ||||||
Less: | Amounts Distributed | 0.7 | 0.7 | 0.9 | 0.7 | 0.4 | |||||
Undistributed earnings (losses) | |||||||||||
from less than 50% owned affiliates | ($0.1) | $0.2 | $0.1 | ($0.5) | ($0.3) | ||||||
All amounts have been restated to reflect a reclassification of discontinued operations for the Engineered Solutions Business |
- Company Dashboard
- Filings
-
10-K Filing
Ingersoll-Rand Inactive 10-K2002 FY Annual report
Filed: 5 Mar 03, 12:00am