Stanley Black & Decker (SWK) S-3ASR Automatic shelf registration

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the 9 months ended October 1, 2011 and for the fiscal years ended January 1, 2011, January 2, 2010,

January 3, 2009, December 29, 2007 and December 30, 2006

(Millions of Dollars)

	For the nine months ended October 1, 2011		Fiscal Year
			2010		2009		2008		2007		2006
Earnings from continuing operations before income taxes and non-controlling interests	$	595.4	$	237.1	$	283.3	$	293.2	$	429.3	$	351.5
Add:
Interest expense		103.6		110.0		63.7		92.1		92.8		69.3
Portion of rents representative of interest factor		12.2		17.9		6.3		8.7		9.3		8.1
Distributed income of equity investees		2.8		3.5		—		—		—		—
Income as adjusted	$	714.0	$	368.5	$	353.3	$	394.0	$	531.4	$	428.9
Fixed charges:
Interest expense	$	103.6	$	110.0	$	63.7	$	92.1	$	92.8	$	69.3
Portion of rents representative of interest factor		12.2		17.9		6.3		8.7		9.3		8.1
Fixed charges	$	115.8	$	127.9	$	70.0	$	100.8	$	102.1	$	77.4
Ratio of earnings to fixed charges		6.2		2.9		5.0		3.9		5.2		5.5