Honeywell International (HON) 10-Q 2014 Q2 Quarterly report

EXHIBIT 12

HONEYWELL INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended
June 30, 2014
(Dollars in millions)

Determination of Earnings:
Income before taxes	$	2,934
Add (Deduct):
Amortization of capitalized interest		10
Fixed charges		181
Equity income, net of distributions		(17	)
Total earnings, as defined	$	3,108
Fixed Charges:
Rents(a)	$	22
Interest and other financial charges		159
		181
Capitalized interest		10
Total fixed charges	$	191
Ratio of Earnings to Fixed Charges		16.27

(a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.