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10-Q - 10-Q - S&P Global Inc.spgi-2016630xq2.htm
EX-32 - EXHIBIT 32 - S&P Global Inc.mhfi-ex32x2016331xq11.htm
EX-31.2 - EXHIBIT 31.2 - S&P Global Inc.mhfi-ex312x2016331xq11.htm
EX-31.1 - EXHIBIT 31.1 - S&P Global Inc.mhfi-ex311x2016331xq11.htm
EX-15 - EXHIBIT 15 - S&P Global Inc.mhfi-ex15x2016331xq11.htm
EX-2.1 - EXHIBIT 2.1 - S&P Global Inc.spgi-ex21x2016630xq2.htm


Exhibit (12)
S&P Global Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions)

 
Six months ended June 30,
 
Years ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
2011
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes on income
$
1,080

 
$
1,815

 
$
54

 
$
1,299

 
$
1,089

 
$
975

 
Fixed charges
112

 
162

  
118

  
124

  
128

  
131

  
Total earnings
$
1,192

 
$
1,977

  
$
172

  
$
1,423

  
$
1,217

  
$
1,106

  
Fixed charges: 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
80

 
$
101

  
$
58

  
$
62

  
$
81

  
$
86

  
Portion of rental payments deemed to
   be interest
30

 
59

  
59

  
61

  
46

  
44

  
Amortization of debt issuance costs and
   discount
2

 
2

  
1

  
1

  
1

  
1

  
Total fixed charges
$
112

 
$
162

  
$
118

  
$
124

  
$
128

  
$
131

  
Ratio of earnings to fixed charges:
10.6

12.2

1.5

11.5

9.5

8.4