Attached files
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EX-32.2 - EXHIBIT 32.2 - Eaton Corp plc | etn09302018ex322.htm |
EX-32.1 - EXHIBIT 32.1 - Eaton Corp plc | etn09302018ex321.htm |
EX-31.2 - EXHIBIT 31.2 - Eaton Corp plc | etn09302018ex312.htm |
EX-31.1 - EXHIBIT 31.1 - Eaton Corp plc | etn09302018ex311.htm |
10-Q - 10-Q - Eaton Corp plc | etn0930201810-qdoc.htm |
Eaton Corporation plc
Third Quarter 2018 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) | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests in consolidated subsidiaries | $ | 1,698 | $ | 3,368 | $ | 2,118 | $ | 2,133 | $ | 1,762 | $ | 1,870 | ||||||||||||
Adjustments | ||||||||||||||||||||||||
Loss (income) of equity investees | 16 | (1 | ) | (14 | ) | (11 | ) | (6 | ) | 2 | ||||||||||||||
Distributed income of equity investees | 3 | 7 | 9 | 9 | 4 | 77 | ||||||||||||||||||
Interest expensed | 234 | 273 | 240 | 237 | 250 | 290 | ||||||||||||||||||
Amortization of debt issue costs | 2 | 7 | 7 | 8 | 9 | 10 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 57 | 74 | 73 | 75 | 81 | 80 | ||||||||||||||||||
Amortization of capitalized interest | 9 | 11 | 12 | 10 | 14 | 13 | ||||||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 2,019 | $ | 3,739 | $ | 2,445 | $ | 2,461 | $ | 2,114 | $ | 2,342 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expensed | $ | 234 | $ | 273 | $ | 240 | $ | 237 | $ | 250 | $ | 290 | ||||||||||||
Interest capitalized | 13 | 11 | 12 | 13 | 13 | 11 | ||||||||||||||||||
Amortization of debt issue costs | 2 | 7 | 7 | 8 | 9 | 10 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 57 | 74 | 73 | 75 | 81 | 80 | ||||||||||||||||||
Total fixed charges | $ | 306 | $ | 365 | $ | 332 | $ | 333 | $ | 353 | $ | 391 | ||||||||||||
Ratio of earnings to fixed charges | 6.60 | 10.24 | 7.36 | 7.39 | 5.99 | 5.99 |