Exhibit 12
ECOLAB INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
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| Six Months |
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| June 30 |
| Year Ended December 31 |
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| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
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Earnings |
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Pre-tax income from continuing operations before income or loss from equity investees |
| $ | 652.6 |
| $ | 1,317.7 |
| $ | 1,698.4 |
| $ | 1,298.3 |
| $ | 1,012.6 |
| $ | 679.6 |
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Fixed charges, as computed below |
| 177.2 |
| 327.4 |
| 347.0 |
| 343.5 |
| 346.6 |
| 125.4 |
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Total earnings including fixed charges |
| $ | 829.8 |
| $ | 1,645.1 |
| $ | 2,045.4 |
| $ | 1,641.8 |
| $ | 1,359.2 |
| $ | 805.0 |
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Fixed Charges |
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Interest expense and amortization of debt premiums and discounts related to indebtedness |
| $ | 140.4 |
| $ | 253.7 |
| $ | 268.0 |
| $ | 272.8 |
| $ | 285.6 |
| $ | 82.1 |
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Appropriate portion (1/3) of rentals representative of the interest factor |
| 36.8 |
| 73.7 |
| 79.0 |
| 70.7 |
| 61.0 |
| 43.3 |
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Total fixed charges |
| $ | 177.2 |
| $ | 327.4 |
| $ | 347.0 |
| $ | 343.5 |
| $ | 346.6 |
| $ | 125.4 |
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Ratio of earnings to fixed charges |
| 4.68 |
| 5.03 |
| 5.89 |
| 4.78 |
| 3.92 |
| 6.42 |
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