Exhibit 12


                          HONEYWELL INTERNATIONAL INC.
               COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                        Six Months Ended June 30, 2003
                             (Dollars in millions)



                                                                        
Determination of Earnings:
Income before taxes .....................................................     $  820
Add (Deduct):
   Amortization of capitalized interest .................................         12
   Fixed charges ........................................................        217
   Equity income, net of distributions ..................................         (4)
                                                                              ------
      Total earnings, as defined ........................................     $1,045
                                                                              ======

Fixed Charges:
Rents(a) ................................................................     $   46
Interest and other financial charges ....................................        171
                                                                              ------
                                                                                 217
Capitalized interest ....................................................          5
                                                                              ------
      Total fixed charges ...............................................     $  222
                                                                              ======
Ratio of earnings to fixed charges ......................................       4.71
                                                                              ======


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