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Legalese | ||
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Exhibit 12 | ||
General Electric Company | ||
Computation of Ratio of Earnings to Fixed Charges | ||
Six months ended June 30, 2015 | ||
(Unaudited) | ||
(Dollars in millions) | ||
General Electric Company and consolidated affiliates | ||
Earnings(a) | $ | 2,145 |
Plus: | ||
Interest and other financial charges included in expense(b) | 4,231 | |
One-third of rental expense(c) | 271 | |
Adjusted "earnings" | $ | 6,647 |
Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 4,231 |
Interest capitalized | 12 | |
One-third of rental expense(c) | 271 | |
Total fixed charges | $ | 4,514 |
Ratio of earnings to fixed charges | 1.47 | |
(a) | Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees. |
(b) | Included interest on tax deficiencies and interest on discontinued operations. |
(c) | Considered to be representative of interest factor in rental expense. |