Honeywell International (HON) 10-Q 2005 Q2 Quarterly report

Exhibit 12

HONEYWELL INTERNATIONAL INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Six Months Ended June 30, 2005

(Dollars in millions)

Determination of Earnings:
Income before taxes	$	1,011
Add (Deduct):
Amortization of capitalized interest		12
Fixed charges		231
Equity income, net of distributions		(41	)
Total earnings, as defined	$	1,213
Fixed Charges:
Rents(a)	$	54
Interest and other financial charges		177
		231
Capitalized interest		8
Total fixed charges	$	239
Ratio of earnings to fixed charges		5.08

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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.