Trane Technologies (TT) 10-K 2009 FY Annual report

Exhibit 12

INGERSOLL-RAND PLC

COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollar Amounts in Millions)

	Years Ended December 31,
	2009			2008			2007			2006			2005
Earnings (loss) from continuing operations before income taxes	$	534.2		$	(2,776.0	)	$	937.5		$	857.6		$	792.8
Noncontrolling interest		24.9			20.0			14.3			14.9			12.7
(Earnings) losses from equity method investees		(8.1	)		(3.4	)		(1.0	)		-			(2.1	)
Sub-total		551.0			(2,759.4	)		950.8			872.5			803.4
Fixed charges		367.9			294.6			160.9			159.6			165.4
Dividend from equity method investees		11.3			13.2			-			-			4.4
Capitalized interest		(0.7	)		(1.0	)		(0.6	)		(3.2	)		(1.1	)
Total earnings (loss)	$	929.5		$	(2,452.6	)	$	1,111.1		$	1,028.9		$	972.1
Fixed charges:
Interest expense	$	302.2		$	245.4		$	136.2		$	133.6		$	145.1
Capitalized interest		0.7			1.0			0.6			3.2			1.1
Rentals (one-third of rentals)		65.0			48.2			24.1			22.8			19.2
Total fixed charges	$	367.9		$	294.6		$	160.9		$	159.6		$	165.4
Ratio of earnings to fixed charges		2.5			-			6.9			6.4			5.9
Deficiency in the coverage of fixed charges by earnings before fixed charges				$	(2,747.2	)