Exhibit 12 | |||||||||||||
INGERSOLL-RAND COMPANY LIMITED | |||||||||||||
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES | |||||||||||||
(Dollar Amounts in Millions) | |||||||||||||
Years Ended December 31, | |||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | |||||||||
| Fixed Charges | ||||||||||||
Interest expense | $153.1 | $175.6 | $228.0 | $247.5 | $220.3 | ||||||||
Amortization of debt discount and expense | 2.2 | 2.9 | 7.3 | 7.4 | 6.1 | ||||||||
Rentals (one-third of rentals) | 20.9 | 21.4 | 22.1 | 28.5 | 20.5 | ||||||||
Capitalized interest | 2.2 | 3.1 | 2.8 | 3.2 | 3.6 | ||||||||
Equity-linked security charges | 0.0 | 0.0 | 0.0 | 8.3 | 25.6 | ||||||||
Total fixed charges | $178.4 | $203.0 | $260.2 | $294.9 | $276.1 | ||||||||
width="169"Earnings from continuing operations before cumulative | |||||||||||||
effect of change in accounting principle | $829.8 | $532.8 | $322.4 | $149.9 | $398.7 | ||||||||
Add: | Minority income of majority- | ||||||||||||
owned subsidiaries | 16.0 | 14.9 | 15.5 | 20.7 | 39.8 | ||||||||
Taxes on income from continuing operations | 138.4 | 75.3 | (7.9) | (65.4) | 214.8 | ||||||||
Fixed charges | 178.4 | 203.0 | 260.2 | 294.9 | 276.1 | ||||||||
Less: | Capitalized interest | 2.2 | 3.1 | 2.8 | 3.2 | 3.6 | |||||||
Undistributed earnings (losses) from | |||||||||||||
less than 50% owned affiliates | 5.7 | (2.1) | (0.1) | 0.2 | 0.1 | ||||||||
Earnings available for fixed charges | $1,154.7 | $825.0 | $587.5 | $396.7 | $925.7 | ||||||||
Ratio of earnings to fixed charges | 6.47 | 4.06 | 2.26 | 1.35 | 3.35 | ||||||||
Undistributed earnings (losses) from less | |||||||||||||
than 50% owned affiliates: | |||||||||||||
Equity in earnings (losses) | $5.7 | ($1.8) | $0.6 | $0.9 | $1.0 | ||||||||
Less: | Amounts Distributed | 0.0 | 0.3 | 0.7 | 0.7 | 0.9 | |||||||
Undistributed earnings (losses) from | |||||||||||||
less than 50% owned affiliates | $5.7 | ($2.1) | ($0.1) | $0.2 | $0.1 | ||||||||
All amounts have been restated to reflect a reclassification of discontinued operations | |||||||||||||
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10-K Filing
Ingersoll-Rand Inactive 10-K2004 FY Annual report
Filed: 16 Mar 05, 12:00am