| Exhibit 12(b) | ||||||||||||||
| General Electric Company | ||||||||||||||
| Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | ||||||||||||||
| Years ended December 31 | ||||||||||||||
| (Dollars in millions) | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||
| General Electric Company and | ||||||||||||||
consolidated affiliates | ||||||||||||||
| Earnings(a) | $ | 8,689 | $ | 7,991 | $ | 9,769 | $ | 9,040 | $ | 8,529 | ||||
| Plus: | ||||||||||||||
Interest and other financial charges | ||||||||||||||
included in expense(b) | 5,765 | 8,366 | 9,482 | 10,116 | 12,407 | |||||||||
One-third of rental expense(c) | 432 | 499 | 473 | 504 | 510 | |||||||||
| Adjusted "earnings" | $ | 14,886 | $ | 16,856 | $ | 19,724 | $ | 19,660 | $ | 21,446 | ||||
| Fixed charges: | ||||||||||||||
Interest and other financial charges | ||||||||||||||
included in expense(b) | $ | 5,765 | $ | 8,366 | $ | 9,482 | $ | 10,116 | $ | 12,407 | ||||
Interest capitalized | 35 | 26 | 25 | 29 | 28 | |||||||||
One-third of rental expense(c) | 432 | 499 | 473 | 504 | 510 | |||||||||
| Total fixed charges | $ | 6,232 | $ | 8,891 | $ | 9,980 | $ | 10,649 | $ | 12,945 | ||||
| Ratio of earnings to fixed charges | 2.39 | 1.90 | 1.98 | 1.85 | 1.66 | |||||||||
| Preferred stock dividend requirements | $ | 656 | $ | 18 | $ | - | $ | - | $ | - | ||||
| Ratio of earnings before provision for | ||||||||||||||
income taxes to earnings from | ||||||||||||||
continuing operations | 0.95 | 4.82 | 1.08 | 1.15 | 1.16 | |||||||||
| Preferred stock dividend factor on pre-tax basis | $ | 623 | $ | 87 | $ | - | $ | - | $ | - | ||||
| Fixed charges | 6,232 | 8,891 | 9,980 | 10,649 | 12,945 | |||||||||
| Total fixed charges and preferred stock | ||||||||||||||
dividend requirements | $ | 6,855 | $ | 8,978 | $ | 9,980 | $ | 10,649 | $ | 12,945 | ||||
| Ratio of earnings to combined fixed | ||||||||||||||
charges and preferred stock dividends | 2.17 | 1.88 | 1.98 | 1.85 | 1.66 | |||||||||
| (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. |