Eaton Corp plc - FORM 10-Q - EX-12 - EXHIBIT 12 - May 2, 2017

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10-Q - 10-Q - Eaton Corp plcetn0331201710-qdoc.htm
EX-32.2 - EXHIBIT 32.2 - Eaton Corp plcetn03312017ex322.htm
EX-32.1 - EXHIBIT 32.1 - Eaton Corp plcetn03312017ex321.htm
EX-31.2 - EXHIBIT 31.2 - Eaton Corp plcetn03312017ex312.htm
EX-31.1 - EXHIBIT 31.1 - Eaton Corp plcetn03312017ex311.htm


Eaton Corporation plc
First Quarter 2017 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)
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Income from continuing operations before income taxes
   and noncontrolling interests in consolidated subsidiaries
 
$
464

 
$
2,127

 
$
2,145

 
$
1,761

 
$
1,884

 
$
1,251


Adjustments
 
 
 
 
 
 
 
 
 
 
 
 
(Income) loss of equity investees
 
(4
)
 
(14
)
 
(11
)
 
(6
)
 
2

 
(2
)
Distributed income of equity investees
 
1

 
9

 
9

 
4

 
77

 
19

Interest expensed
 
65

 
240

 
237

 
250

 
290

 
165

Amortization of debt issue costs
 
2

 
7

 
8

 
9

 
10

 
74

Estimated portion of rent expense representing interest
 
18

 
73

 
75

 
81

 
80

 
66

Amortization of capitalized interest
 
3

 
12

 
10

 
14

 
13

 
12

Adjusted income from continuing operations before
   income taxes
 
$
549

 
$
2,454

 
$
2,473

 
$
2,113

 
$
2,356

 
$
1,585


Fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
 
$
65

 
$
240

 
$
237

 
$
250

 
$
290

 
$
165

Interest capitalized
 
2

 
12

 
13

 
13

 
11

 
23

Amortization of debt issue costs
 
2

 
7

 
8

 
9

 
10

 
74

Estimated portion of rent expense representing interest
 
18

 
73

 
75

 
81

 
80

 
66

Total fixed charges
 
$
87

 
$
332

 
$
333

 
$
353

 
$
391

 
$
328

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
6.31

 
7.39

 
7.43

 
5.99

 
6.03

 
4.83






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