Attached files
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EX-32.2 - EXHIBIT 32.2 - Eaton Corp plc | etn09302017ex322.htm |
EX-32.1 - EXHIBIT 32.1 - Eaton Corp plc | etn09302017ex321.htm |
EX-31.2 - EXHIBIT 31.2 - Eaton Corp plc | etn09302017ex312.htm |
EX-31.1 - EXHIBIT 31.1 - Eaton Corp plc | etn09302017ex311.htm |
10-Q - 10-Q - Eaton Corp plc | etn0930201710-qdoc.htm |
Eaton Corporation plc
Third Quarter 2017 Report on Form 10-Q
Item 6
Exhibit 12
Ratio of Earnings to Fixed Charges
Nine months ended September 30 | 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 | $ | 2,725 | $ | 2,127 | $ | 2,145 | $ | 1,761 | $ | 1,884 | $ | 1,251 | ||||||||||||
Adjustments | ||||||||||||||||||||||||
(Income) loss of equity investees | (7 | ) | (14 | ) | (11 | ) | (6 | ) | 2 | (2 | ) | |||||||||||||
Distributed income of equity investees | 6 | 9 | 9 | 4 | 77 | 19 | ||||||||||||||||||
Interest expensed | 198 | 240 | 237 | 250 | 290 | 165 | ||||||||||||||||||
Amortization of debt issue costs | 6 | 7 | 8 | 9 | 10 | 74 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 55 | 73 | 75 | 81 | 80 | 66 | ||||||||||||||||||
Amortization of capitalized interest | 8 | 12 | 10 | 14 | 13 | 12 | ||||||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 2,991 | $ | 2,454 | $ | 2,473 | $ | 2,113 | $ | 2,356 | $ | 1,585 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expensed | $ | 198 | $ | 240 | $ | 237 | $ | 250 | $ | 290 | $ | 165 | ||||||||||||
Interest capitalized | 8 | 12 | 13 | 13 | 11 | 23 | ||||||||||||||||||
Amortization of debt issue costs | 6 | 7 | 8 | 9 | 10 | 74 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 55 | 73 | 75 | 81 | 80 | 66 | ||||||||||||||||||
Total fixed charges | $ | 267 | $ | 332 | $ | 333 | $ | 353 | $ | 391 | $ | 328 | ||||||||||||
Ratio of earnings to fixed charges | 11.20 | 7.39 | 7.43 | 5.99 | 6.03 | 4.83 |