Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - STANLEY BLACK & DECKER, INC. | ex-10kx32210k2015.htm |
| EX-31.1A - EXHIBIT 31.1A - STANLEY BLACK & DECKER, INC. | ex-10kx311a10k2015.htm |
| EX-31.1B - EXHIBIT 31.1B - STANLEY BLACK & DECKER, INC. | ex-10kx311b10k2015.htm |
| EX-23 - EXHIBIT 23 - STANLEY BLACK & DECKER, INC. | ex23-consent10k2015.htm |
| EX-10.4 - EXHIBIT 10.4 - STANLEY BLACK & DECKER, INC. | ex104johnwyattoriginal2014.htm |
| EX-21 - EXHIBIT 21 - STANLEY BLACK & DECKER, INC. | ex21-subsidiariesofstanley.htm |
| EX-10.19B - EXHIBIT 10.19B - STANLEY BLACK & DECKER, INC. | ex1019bformofawarddocument.htm |
| EX-24 - EXHIBIT 24 - STANLEY BLACK & DECKER, INC. | ex24-powerofattorney10k2015.htm |
| 10-K - 10-K 2015 - STANLEY BLACK & DECKER, INC. | swk_10k2015.htm |
| EX-32.1 - EXHIBIT 32.1 - STANLEY BLACK & DECKER, INC. | ex-10kx32110k2015.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the fiscal years ended January 2, 2016, January 3, 2015, December 28, 2013,
December 29, 2012 and December 31, 2011
(Millions of Dollars)
Fiscal Year | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings from continuing operations before income taxes and non-controlling interest | $ | 1,150.8 | $ | 1,084.8 | $ | 587.6 | $ | 533.1 | $ | 666.1 | |||||||||
Add: | |||||||||||||||||||
Interest expense | 180.4 | 177.2 | 160.1 | 144.0 | 140.4 | ||||||||||||||
Portion of rents representative of interest factor | 12.0 | 13.6 | 14.6 | 14.4 | 14.6 | ||||||||||||||
Distributed income of equity investees | — | — | — | — | 2.8 | ||||||||||||||
Income as adjusted | $ | 1,343.2 | $ | 1,275.6 | $ | 762.3 | $ | 691.5 | $ | 823.9 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 180.4 | $ | 177.2 | $ | 160.1 | $ | 144.0 | $ | 140.4 | |||||||||
Portion of rents representative of interest factor | 12.0 | 13.6 | 14.6 | 14.4 | 14.6 | ||||||||||||||
Fixed charges | $ | 192.4 | $ | 190.8 | $ | 174.7 | $ | 158.4 | $ | 155.0 | |||||||||
Ratio of earnings to fixed charges | 7.0 | 6.7 | 4.4 | 4.4 | 5.3 | ||||||||||||||