EX-12 2 exb12ratioofearningstofixe.htm EXHIBIT 12 EXB 12 Ratio of Earnings to Fixed Charges 12.31.13



EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES
WHIRLPOOL CORPORATION AND SUBSIDIARIES

 
 
Year Ended December 31,
 
 
2013

2012

2011

2010

2009
Earnings
 
 
 
 
 
 
 
 
 
 
Earnings (loss) before income taxes
 
$
917


$
558


$
(28
)

$
586


$
293

Fixed charges
 
231

 
256

 
270

 
281

 
271

 
 
$
1,148

 
$
814

 
$
242

 
$
867

 
$
564

Fixed charges
 
 
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
$
54

 
$
57

 
$
57

 
$
56

 
$
52

Interest on indebtedness
 
172

 
193

 
204

 
211

 
210

Amortization of debt financing fees
 
5

 
6

 
9

 
14

 
9

 
 
$
231

 
$
256

 
$
270

 
$
281

 
$
271

Ratio of earnings to fixed charges
 
5.0

 
3.2

 
0.9

 
3.1

 
2.1