EATON CORP - FORM 10-K - EX-12

file	filename
10-K - FORM 10-K - EATON CORP	l38359e10vk.htm
EX-23 - EX-23 - EATON CORP	l38359exv23.htm
EX-24 - EX-24 - EATON CORP	l38359exv24.htm
EX-21 - EX-21 - EATON CORP	l38359exv21.htm
EX-31.1 - EX-31.1 - EATON CORP	l38359exv31w1.htm
EX-10.CC - EX-10(CC) - EATON CORP	l38359exv10wcc.htm
EXCEL - IDEA: XBRL DOCUMENT - EATON CORP	Financial_Report.xls
EX-31.2 - EX-31.2 - EATON CORP	l38359exv31w2.htm
EX-32.2 - EX-32.2 - EATON CORP	l38359exv32w2.htm
EX-32.1 - EX-32.1 - EATON CORP	l38359exv32w1.htm

Eaton Corporation
2009 Annual Report on Form 10-K
Item 15(b)
Exhibit 12
Ratio of Earnings to Fixed Charges


	Year ended December 31
(Millions of dollars)	2009			2008			2007			2006		2005
Income from continuing operations before income taxes & noncontrolling interests in consolidated subsidiaries	$	303		$	1,140		$	1,055		$	979	$	969

Adjustments
(Income) losses of equity investees		(6	)		(11	)		(6	)		1		1
Distributed income of equity investees		9			1			1			1		4
Interest expensed		170			192			193			139		109
Amortization of debt issue costs		5			2			1			1		1
Estimated portion of rent expense representing interest		59			58			44			41		38
Amortization of capitalized interest		13			13			12			12		12

Adjusted income from continuing operations before income taxes	$	553		$	1,395		$	1,300		$	1,174	$	1,134


Fixed charges
Interest expensed	$	170		$	192		$	193		$	139	$	109
Interest capitalized		7			13			14			14		13
Amortization of debt issue costs		5			2			1			1		1
Estimated portion of rent expense representing interest		59			58			44			41		38

Total fixed charges	$	241		$	265		$	252		$	195	$	161


Ratio of earnings to fixed charges		2.29			5.26			5.16			6.02		7.04

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EATON CORP - FORM 10-K - EX-12 - February 26, 2010