EX-12 2 dex12.htm COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES Computations of Ratios of Earnings to Fixed Charges

Exhibit 12

INGERSOLL-RAND PLC

COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollar Amounts in Millions)

 

     Years Ended December 31,  
      2009     2008     2007     2006     2005  

Earnings (loss) from continuing operations before income taxes

   $   534.2      $   (2,776.0   $ 937.5      $ 857.6      $   792.8   

Noncontrolling interest

     24.9        20.0        14.3        14.9        12.7   

(Earnings) losses from equity method investees

     (8.1     (3.4     (1.0     -          (2.1
        

Sub-total

     551.0        (2,759.4     950.8        872.5        803.4   

Fixed charges

     367.9        294.6        160.9        159.6        165.4   

Dividend from equity method investees

     11.3        13.2        -          -          4.4   

Capitalized interest

     (0.7     (1.0     (0.6     (3.2     (1.1
        

Total earnings (loss)

   $ 929.5      $ (2,452.6   $ 1,111.1      $ 1,028.9      $ 972.1   
        

Fixed charges:

          

Interest expense

   $ 302.2      $ 245.4      $ 136.2      $ 133.6      $ 145.1   

Capitalized interest

     0.7        1.0        0.6        3.2        1.1   

Rentals (one-third of rentals)

     65.0        48.2        24.1        22.8        19.2   
        

Total fixed charges

   $ 367.9      $ 294.6      $ 160.9      $ 159.6      $ 165.4   
        

Ratio of earnings to fixed charges

     2.5        -          6.9        6.4        5.9   
        

Deficiency in the coverage of fixed charges by earnings before fixed charges

           $ (2,747.2 )