| Exhibit 12(b) | ||
| General Electric Company | ||
| Computation of Ratio of Earnings to Fixed Charges and | ||
| Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | ||
| Nine months ended September 30, 2016 | ||
| (Unaudited) | ||
| (Dollars in millions) | ||
| General Electric Company and consolidated affiliates | ||
| Earnings(a) | $ | 6,128 |
| Plus: | ||
Interest and other financial charges included in expense(b) | 4,677 | |
One-third of rental expense(c) | 335 | |
| Adjusted "earnings" | $ | 11,140 |
| Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 4,677 |
Interest capitalized | 26 | |
One-third of rental expense(c) | 335 | |
| Total fixed charges | $ | 5,038 |
| Ratio of earnings to fixed charges | 2.21 | |
| Preferred stock dividend requirements | $ | 474 |
| Ratio of earnings before provision for | ||
income taxes to earnings from | ||
continuing operations | 1.05 | |
| Preferred stock dividend factor on pre-tax basis | $ | 498 |
| Fixed charges | 5,038 | |
| Total fixed charges and preferred stock | ||
dividend requirements | $ | 5,536 |
| Ratio of earnings to combined fixed | ||
charges and preferred stock dividends | 2.01 | |
| (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. |
