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Content analysis
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H.S. sophomore Avg
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EXHIBIT 12
HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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| 2011 |
| 2010 |
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| 2007 |
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Determination of Earnings: |
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Income before taxes |
| $ | 2,282 |
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| $ | 2,722 |
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| $ | 1,964 |
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| $ | 584 |
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| $ | 3,487 |
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Add (Deduct): |
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Amortization of capitalized interest |
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| 20 |
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| 21 |
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| 21 |
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| 22 |
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| 22 |
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Fixed charges |
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| 432 |
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| 451 |
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| 539 |
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| 542 |
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| 542 |
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Equity income, net of distributions |
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| (51 | ) |
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| (28 | ) |
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| (26 | ) |
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| (63 | ) |
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| (10 | ) |
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Total earnings, as defined |
| $ | 2,683 |
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| $ | 3,166 |
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| $ | 2,498 |
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| $ | 1,085 |
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| $ | 4,041 |
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Fixed Charges: |
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Rents(a) |
| $ | 56 |
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| $ | 65 |
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| $ | 81 |
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| $ | 86 |
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| $ | 87 |
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Interest and other financial charges |
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| 376 |
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| 386 |
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| 458 |
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| 456 |
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| 455 |
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| 432 |
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| 451 |
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| 539 |
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| 542 |
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| 542 |
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Capitalized interest |
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| 13 |
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| 16 |
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| 15 |
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| 26 |
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| 22 |
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Total fixed charges |
| $ | 445 |
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| $ | 467 |
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| $ | 554 |
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| $ | 568 |
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| $ | 564 |
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Ratio of Earnings to Fixed Charges |
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| 6.03 |
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| 6.78 |
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| 4.51 |
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| 1.91 |
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| 7.16 |
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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. |