Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Eaton Corp plc | etn0331201610-q.htm |
| EX-32.1 - EXHIBIT 32.1 - Eaton Corp plc | etn03312016ex321.htm |
| EX-32.2 - EXHIBIT 32.2 - Eaton Corp plc | etn03312016ex322.htm |
| EX-31.2 - EXHIBIT 31.2 - Eaton Corp plc | etn03312016ex312.htm |
| EX-3.II - EXHIBIT 3.II - Eaton Corp plc | etn03312016ex3ii.htm |
| EX-31.1 - EXHIBIT 31.1 - Eaton Corp plc | etn03312016ex311.htm |
| EX-3.III - EXHIBIT 3.III - Eaton Corp plc | etn03312016ex3iii.htm |
Eaton Corporation plc
First Quarter 2016 Report on Form 10-Q
Item 6
Exhibit 12
Ratio of Earnings to Fixed Charges
Three months ended March 31 | Year ended December 31 | |||||||||||||||||||||||
(Millions of dollars) | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests in consolidated subsidiaries | $ | 442 | $ | 2,145 | $ | 1,761 | $ | 1,884 | $ | 1,251 | $ | 1,553 | ||||||||||||
Adjustments | ||||||||||||||||||||||||
(Income) losses of equity investees | (3 | ) | (11 | ) | (6 | ) | 2 | (2 | ) | (2 | ) | |||||||||||||
Distributed income of equity investees | 2 | 9 | 4 | 77 | 19 | 3 | ||||||||||||||||||
Interest expensed | 59 | 237 | 250 | 290 | 165 | 154 | ||||||||||||||||||
Amortization of debt issue costs | 2 | 8 | 9 | 10 | 74 | 4 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 19 | 75 | 81 | 80 | 66 | 65 | ||||||||||||||||||
Amortization of capitalized interest | 3 | 10 | 14 | 13 | 12 | 10 | ||||||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 524 | $ | 2,473 | $ | 2,113 | $ | 2,356 | $ | 1,585 | $ | 1,787 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expensed | $ | 59 | $ | 237 | $ | 250 | $ | 290 | $ | 165 | $ | 154 | ||||||||||||
Interest capitalized | 3 | 13 | 13 | 11 | 23 | 18 | ||||||||||||||||||
Amortization of debt issue costs | 2 | 8 | 9 | 10 | 74 | 4 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 19 | 75 | 81 | 80 | 66 | 65 | ||||||||||||||||||
Total fixed charges | $ | 83 | $ | 333 | $ | 353 | $ | 391 | $ | 328 | $ | 241 | ||||||||||||
Ratio of earnings to fixed charges | 6.31 | 7.43 | 5.99 | 6.03 | 4.83 | 7.41 | ||||||||||||||||||