EX-12.1 3 a2233655zex-12_1.htm EX-12.1

Exhibit 12.1

 

ECOLAB INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions, except ratios)

 

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30

 

Year Ended December 31

 

 

 

2017

 

2016

 

2015

 

2014

 

2013

 

2012

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before income or loss from equity investees

 

$

1,214.9

 

$

1,650.4

 

$

1,317.7

 

$

1,698.4

 

$

1,298.3

 

$

1,012.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as computed below

 

246.3

 

359.1

 

327.4

 

347.0

 

343.5

 

346.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings including fixed charges

 

$

1,461.2

 

$

2,009.5

 

$

1,645.1

 

$

2,045.4

 

$

1,641.8

 

$

1,359.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortization of debt premiums and discounts related to indebtedness

 

$

191.0

 

$

285.4

 

$

253.7

 

$

268.0

 

$

272.8

 

$

285.6

 

Appropriate portion (1/3) of rentals representative of the interest factor

 

55.3

 

73.7

 

73.7

 

79.0

 

70.7

 

61.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

246.3

 

$

359.1

 

$

327.4

 

$

347.0

 

$

343.5

 

$

346.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.93

 

5.60

 

5.03

 

5.89

 

4.78

 

3.92