General Electric (GE) 10-Q 2014 Q3 Quarterly report

Exhibit 12

General Electric CompanyComputation of Ratio of Earnings to Fixed Charges

	Nine months
		ended
	September 30, 2014
(Dollars in millions)	(Unaudited)
General Electric Company and consolidated affiliates
Earnings(a)	$	10,745
Plus:
Interest and other financial charges included in expense(b)		7,116
One-third of rental expense(c)		370
Adjusted "earnings"	$	18,231
Fixed charges:
Interest and other financial charges included in expense(b)	$	7,116
Interest capitalized		20
One-third of rental expense(c)		370
Total fixed charges	$	7,506
Ratio of earnings to fixed charges		2.43

(a) Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

(b) Included interest on tax deficiencies.

(c) Considered to be representative of interest factor in rental expense.

(84)