TE CONNECTIVITY LTD.
COMPUTATION OF EARNINGS TO FIXED CHARGES
The following table sets forth information regarding our ratio of earnings to fixed charges for the periods shown:
|
| Nine Months |
| Fiscal |
| ||||||||||||||
|
| June 30, 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| ||||||
|
| ($ in millions) |
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Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Income from continuing operations before income taxes |
| $ | 1,408 |
| $ | 1,162 |
| $ | 1,575 |
| $ | 1,760 |
| $ | 1,080 |
| $ | 1,192 |
|
Fixed charges |
| 112 |
| 148 |
| 162 |
| 154 |
| 165 |
| 209 |
| ||||||
|
| $ | 1,520 |
| $ | 1,310 |
| $ | 1,737 |
| $ | 1,914 |
| $ | 1,245 |
| $ | 1,401 |
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest expense and amortized premiums, discounts, and capitalized expenses related to indebtedness |
| $ | 95 |
| $ | 127 |
| $ | 139 |
| $ | 131 |
| $ | 142 |
| $ | 176 |
|
Interest component of rental expense |
| 17 |
| 21 |
| 23 |
| 23 |
| 23 |
| 33 |
| ||||||
|
| $ | 112 |
| $ | 148 |
| $ | 162 |
| $ | 154 |
| $ | 165 |
| $ | 209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ratio of Earnings to Fixed Charges |
| 13.57 |
| 8.85 |
| 10.72 |
| 12.43 |
| 7.55 |
| 6.70 |
|