Exhibit 12
Ratio of Earnings to Fixed Charges
(Dollars in millions) | Three months ended March 31, 2006 (Restated) | |||
General Electric Company and consolidated affiliates | ||||
Earnings (a) | $ | 5,412 | ||
Plus: | Interest and other financial charges included in expense | 4,383 | ||
One-third of rental expense (b) | 130 | |||
Adjusted “earnings” | $ | 9,925 | ||
Fixed Charges: | ||||
Interest and other financial charges | $ | 4,383 | ||
Interest capitalized | 22 | |||
One-third of rental expense (b) | 130 | |||
Total fixed charges | $ | 4,535 | ||
Ratio of earnings to fixed charges | 2.19 | |||
(a) | Earnings before income taxes, minority interest and discontinued operations. |
(b) | Considered to be representative of interest factor in rental expense. |