Eaton Corporation plc

2013 Annual Report on Form 10-K

Item 15(b)

Exhibit 12

Ratio of Earnings to Fixed Charges

	Year ended December 31
(In millions)	2013		2012			2011			2010			2009
Income from continuing operations before income taxes and   noncontrolling interests in consolidated subsidiaries	$	1,884	$	1,251		$	1,553		$	1,036		$	303
Adjustments
Loss (income) of equity investees	2		(2		)	(2		)	(14		)	(6		)
Distributed income of equity investees	77		19			3			15			9
Interest expensed	290		165			154			162			170
Amortization of debt issue costs	10		74			4			4			5
Estimated portion of rent expense representing interest	80		66			65			57			59
Amortization of capitalized interest	13		12			10			10			13
Adjusted income from continuing operations before   income taxes	$	2,356	$	1,585		$	1,787		$	1,270		$	553
Fixed charges
Interest expensed	$	290	$	165		$	154		$	162		$	170
Interest capitalized	11		23			18			8			7
Amortization of debt issue costs	10		74			4			4			5
Estimated portion of rent expense representing interest	80		66			65			57			59
Total fixed charges	$	391	$	328		$	241		$	231		$	241
Ratio of earnings to fixed charges	6.03		4.83			7.41			5.50			2.29