EX-12 6 spgi-ex12x2018331xq1.htm EXHIBIT 12 Exhibit


Exhibit (12)
S&P Global Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions)

 
Three months ended March 31,
 
Years ended December 31,
 
 
2018
 
2017
 
2016
 
2015
 
2014
 
2013
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 Income from continuing operations before taxes on income
$
681

 
$
2,461

 
$
3,188

 
$
1,815

 
$
54

 
$
1,299

 
Fixed charges
52

 
211

  
243

  
162

  
118

  
124

  
Total earnings
$
733

 
$
2,672

  
$
3,431

  
$
1,977

  
$
172

  
$
1,423

  
Fixed charges: 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
37

 
$
147

  
$
179

  
$
101

  
$
58

  
$
62

  
Portion of rental payments deemed to
   be interest
14

 
59

  
59

  
59

  
59

  
61

  
Amortization of debt issuance costs and
   discount
1

 
5

  
5

  
2

  
1

  
1

  
Total fixed charges
$
52

 
$
211

  
$
243

  
$
162

  
$
118

  
$
124

  
Ratio of earnings to fixed charges:
14.1

x 
12.7

x 
14.1

x 
12.2

x 
1.5

x 
11.5

x