Attached files
| file | filename |
|---|---|
| EX-10.26 - EXHIBIT 10.26 JANET LINK SEVERANCE AGREEMENT - STANLEY BLACK & DECKER, INC. | ex1026janetlinkseveranceag.htm |
| EX-32.2 - EXHIBIT 32.2 - STANLEY BLACK & DECKER, INC. | ex-10kx32210k2017.htm |
| EX-32.1 - EXHIBIT 32.1 - STANLEY BLACK & DECKER, INC. | ex-10kx32110k2017.htm |
| EX-31.1B - EXHIBIT 31.1B - STANLEY BLACK & DECKER, INC. | ex-10kx311b10k2017.htm |
| EX-31.1A - EXHIBIT 31.1A - STANLEY BLACK & DECKER, INC. | ex-10kx311a10k2017.htm |
| EX-24 - EXHIBIT 24 POWER OF ATTORNEY - STANLEY BLACK & DECKER, INC. | ex24-powerofattorney10k2017.htm |
| EX-23 - EXHIBIT 23 CONSENT - STANLEY BLACK & DECKER, INC. | ex23-consent10k2017.htm |
| EX-21 - EXHIBIT 21 SUBSIDIARIES LIST - STANLEY BLACK & DECKER, INC. | ex21-subsidiariesofstanley.htm |
| EX-10.25 - EXHIBIT 10.25 JANET LINK OFFER LETTER - STANLEY BLACK & DECKER, INC. | ex1025janetlinkofferletter.htm |
| EX-10.16B - EXHIBIT 10.16B - STANLEY BLACK & DECKER, INC. | ex1016bformofawardl3andup.htm |
| 10-K - 10-K - STANLEY BLACK & DECKER, INC. | swk_10k2017.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the fiscal years ended December 30, 2017, December 31, 2016, January 2, 2016,
January 3, 2015 and December 28, 2013
(Millions of Dollars)
Fiscal Year | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings from continuing operations before income taxes and non-controlling interest | $ | 1,526.1 | $ | 1,226.1 | $ | 1,150.8 | $ | 1,084.8 | $ | 587.6 | |||||||||
Add: | |||||||||||||||||||
Interest expense | 222.6 | 194.5 | 180.4 | 177.2 | 160.1 | ||||||||||||||
Portion of rents representative of interest factor | 14.8 | 12.6 | 12.0 | 13.6 | 14.6 | ||||||||||||||
Income as adjusted | $ | 1,763.5 | $ | 1,433.2 | $ | 1,343.2 | $ | 1,275.6 | $ | 762.3 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 222.6 | $ | 194.5 | $ | 180.4 | $ | 177.2 | $ | 160.1 | |||||||||
Portion of rents representative of interest factor | 14.8 | 12.6 | 12.0 | 13.6 | 14.6 | ||||||||||||||
Fixed charges | $ | 237.4 | $ | 207.1 | $ | 192.4 | $ | 190.8 | $ | 174.7 | |||||||||
Ratio of earnings to fixed charges | 7.4 | 6.9 | 7.0 | 6.7 | 4.4 | ||||||||||||||