Exhibit 12
Statement
HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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Determination of Earnings: |
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Income from continuing operation before taxes |
| $ | 2,978 |
| $ | 3,821 |
| $ | 3,337 |
| $ | 2,815 |
| $ | 2,306 |
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Add (Deduct): |
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Amortization of capitalized interest |
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| 21 |
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| 22 |
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| 22 |
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| 22 |
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| 22 |
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Fixed charges |
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| 540 |
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| 542 |
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| 543 |
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| 488 |
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| 465 |
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Equity income, net of distributions |
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| (26 | ) |
| (63 | ) |
| (10 | ) |
| (7 | ) |
| (30 | ) |
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Total earnings, as defined |
| $ | 3,513 |
| $ | 4,322 |
| $ | 3,892 |
| $ | 3,318 |
| $ | 2,763 |
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Fixed Charges: |
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Rents (a) |
| $ | 81 |
| $ | 86 |
| $ | 87 |
| $ | 114 |
| $ | 109 |
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Interest and other financial charges |
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| 459 |
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| 456 |
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| 456 |
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| 374 |
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| 356 |
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| 540 |
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| 542 |
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| 543 |
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| 488 |
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| 465 |
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Capitalized interest |
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| 15 |
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| 26 |
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| 22 |
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| 22 |
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| 17 |
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Total fixed charges |
| $ | 555 |
| $ | 568 |
| $ | 565 |
| $ | 510 |
| $ | 482 |
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Ratio of Earnings to Fixed Charges |
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| 6.33 |
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| 7.61 |
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| 6.89 |
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| 6.51 |
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| 5.73 |
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(a) | Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases. |
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