EXHIBIT 12 JOHNSON CONTROLS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions) Six Months Ended March 31, 2002 ---------------- Net income $234.7 Provision for income taxes 139.3 Minority interests in net earnings of subsidiaries 26.3 Income from equity affiliates (14.4) Distributed income of equity affiliates 2.9 Amortization of previously capitalized interest 3.2 ------ 392.0 ------ Fixed charges: Interest incurred and amortization of debt expense 69.2 Estimated portion of rent expense 34.1 ------ Fixed charges 103.3 Less: Interest capitalized during the period (5.4) ------ 97.9 ------ Earnings $489.9 ====== Ratio of earnings to fixed charges 4.7 ====== For the purpose of computing this ratio, "earnings" consist of income before income taxes, minority interest in earnings or losses of consolidated subsidiaries and income from equity affiliates plus (a) amortization of previously capitalized interest, (b) distributed income from equity affiliates and (c) fixed charges, minus interest capitalized during the period. "Fixed charges" consist of (a) interest incurred and amortization of debt expense plus (b) the portion of rent expense representative of the interest factor. 23