Exhibit 12(a) | |||||
General Electric Company | |||||
Pro Forma Computation of Ratio of Earnings to Fixed Charges | |||||
Nine months ended September 30 | |||||
(Dollars in millions) | 2015 | 2014 | |||
General Electric Company and | |||||
consolidated affiliates | |||||
Earnings(a) | $ | 6,076 | $ | 6,137 | |
Plus: | |||||
Interest and other financial charges | |||||
included in expense(b) | 6,332 | 7,116 | |||
One-third of rental expense(c) | 363 | 370 | |||
Adjusted "earnings" | $ | 12,771 | $ | 13,623 | |
Fixed charges: | |||||
Interest and other financial charges | |||||
included in expense(b) | $ | 6,332 | $ | 7,116 | |
Interest capitalized | 18 | 20 | |||
One-third of rental expense(c) | 363 | 370 | |||
Total fixed charges | $ | 6,713 | $ | 7,506 | |
Pro forma ratio of earnings to fixed charges | 1.90 | 1.81 | |||
(a) | Pro forma 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. |