Exhibit 12
INGERSOLL-RAND PLC
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Millions)
Years Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings (loss) from continuing operations before income taxes | $ | 983.7 | $ | 564.5 | $ | (2,720.7 | ) | $ | 984.1 | $ | 886.8 | |||||||||
Net earnings attributable to noncontrolling interests | 22.9 | 24.9 | 20.0 | 14.3 | 14.9 | |||||||||||||||
(Earnings) loss from equity method investees | (11.5 | ) | (8.0 | ) | (3.4 | ) | (1.6 | ) | 0.1 | |||||||||||
Sub-total | 995.1 | 581.4 | (2,704.1 | ) | 996.8 | 901.8 | ||||||||||||||
Fixed charges | 350.2 | 366.8 | 292.0 | 160.2 | 159.0 | |||||||||||||||
Dividend from equity method investees | 12.3 | 11.3 | 13.2 | - | - | |||||||||||||||
Capitalized interest | - | (0.7 | ) | (1.0 | ) | (0.6 | ) | (3.2 | ) | |||||||||||
Total earnings (loss) | $ | 1,357.6 | $ | 958.8 | $ | (2,399.9 | ) | $ | 1,156.4 | $ | 1,057.6 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 283.2 | $ | 301.6 | $ | 243.2 | $ | 136.1 | $ | 133.6 | ||||||||||
Capitalized interest | - | 0.7 | 1.0 | 0.6 | 3.2 | |||||||||||||||
Rentals (one-third of rentals) | 67.0 | 64.5 | 47.8 | 23.5 | 22.2 | |||||||||||||||
Total fixed charges | $ | 350.2 | $ | 366.8 | $ | 292.0 | $ | 160.2 | $ | 159.0 | ||||||||||
Ratio of earnings to fixed charges | 3.9 | 2.6 | - | 7.2 | 6.7 | |||||||||||||||
Deficiency in the coverage of fixed charges by earnings before fixed charges | $ | (2,691.9 | ) |