Carlisle Companies (CSL) 10-Q 2016 Q2 Quarterly report

Exhibit 12

The following table sets forth the Company’s ratio of earnings to fixed charges for the six months ended June 30, 2016 and the years ended December 31, as indicated:

	Six Months Ended June 30,	Year Ended December 31,
	2016	2015	2014	2013	2012	2011
Ratio of earnings to fixed charges	14.55	12.83	10.93	9.57	12.42	10.58

For purposes of computing the ratio of earnings to fixed charges, earnings are defined as earnings before income taxes from continuing operations, less interest on tax liabilities, plus fixed charges.  Fixed charges consist of interest expense (including capitalized interest, but excluding interest on tax liabilities) and the portion of rental expense that is representative of the interest factor.