PRAXAIR INC - FORM 10-K - EX-12.01 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 1, 2017

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EX-10.05C - SECOND AMENDMENT TO PRAXAIR, INC. SUPPLEMENTAL RETIREMENT INCOME PLAN A - PRAXAIR INCpx-20161231xex1005c.htm
EX-32.02 - SECTION 1350 CERTIFICATION - PRAXAIR INCpx-20161231xex3202.htm
EX-32.01 - SECTION 1350 CERTIFICATION - PRAXAIR INCpx-20161231xex3201.htm
EX-31.02 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INCpx-20161231xex3102.htm
EX-31.01 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INCpx-20161231xex3101.htm
EX-23.01 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - PRAXAIR INCpx-20161231xex2301.htm
EX-21.01 - SUBSIDIARIES OF PRAXAIR, INC. - PRAXAIR INCpx-20161231xex2101.htm
EX-10.07A - FIRST AMENDMENT TO THE PRAXAIR COMPENSATION DEFERRAL PROGRAM - PRAXAIR INCpx-20161231xex1007a.htm
EX-10.05J - SECOND AMENDMENT TO THE PRAXAIR, INC. EQUALIZATION BENEFIT PLAN - PRAXAIR INCpx-20161231xex1005j.htm
EX-10.05G - THIRD AMENDMENT TO PRAXAIR, INC. SUPPLEMENTAL RETIREMENT INCOME PLAN B - PRAXAIR INCpx-20161231xex1005g.htm
10-K - FORM 10-K - PRAXAIR INCpx201610-k.htm


 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Praxair, Inc. and Subsidiaries
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
(Dollar amounts in millions, except ratios)
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations before adjustment for
 
 
 
 
 
 
 
 
 
   noncontrolling interests in consolidated subsidiaries or income or
 
 
 
 
 
 
 
 
 
   loss from equity investees
$
2,048

 
$
2,160

 
$
2,395

 
$
2,447

 
$
2,296

      Capitalized interest
(34
)
 
(33
)
 
(38
)
 
(69
)
 
(70
)
      Depreciation of capitalized interest
19

 
22

 
27

 
20

 
20

      Dividends from less than 50%-owned companies carried at equity
8

 
11

 
6

 
10

 
7

Adjusted pre-tax income from continuing operations before adjustment
 
 
 
 
 
 
 
 
 
   for noncontrolling interests in consolidated subsidiaries or income
 
 
 
 
 
 
 
 
 
    or loss from equity investees
$
2,041

 
$
2,160

 
$
2,390

 
$
2,408

 
$
2,253

Fixed charges
 
 
 
 
 
 
 
 
 
   Interest on long-term and short-term debt
$
190

 
$
161

 
$
213

 
$
178

 
$
141

   Capitalized interest
34

 
33

 
38

 
69

 
70

   Rental expenses representative of an interest factor
47

 
47

 
52

 
43

 
39

Total fixed charges
$
271

 
$
241

 
$
303

 
$
290

 
$
250

 
 
 
 
 
 
 
 
 
 
Adjusted pre-tax income from continuing operations before adjustment
 
 
 
 
 
 
 
 
 
  for noncontrolling interests in consolidated subsidiaries or income or
 
 
 
 
 
 
 
 
 
  loss from equity investees plus total fixed charges
$
2,312

 
$
2,401

 
$
2,693

 
$
2,698

 
$
2,503

RATIO OF EARNINGS TO FIXED CHARGES
8.5

 
10.0

 
8.9

 
9.3

 
10.0




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