Exhibit 12

March 1, 2007

STATEMENT OF COMPUTATION OF HONEYWELL’S RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)	YEAR ENDED DECEMBER 31,
	2006			2005			2004			2003			2002
Determination of Earnings:
Income (loss) before taxes	$	2,798		$	2,296		$	1,623		$	1,583		$	(1,000	)
Add (Deduct):
Amortization of capitalized interest		22			22			24			24			24
Fixed charges		488			465			438			440			435
Equity (income) loss - net of distributions		(7	)		(30	)		(75	)		(38	)		(42	)
Total earnings, as defined	$	3,301		$	2,753		$	2,010		$	2,009		$	(583	)
Fixed Charges:
Rents (a)	$	114		$	109		$	107		$	105		$	91
Interest and other financial charges		374			356			331			335			344
		488			465			438			440			435
Capitalized interest		22			17			18			15			21
Total Fixed Charges	$	510		$	482		$	456		$	455		$	456
Ratio of Earnings to Fixed Charges		6.47			5.71			4.41			4.42			(1.28	)(b)

          (a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.

          (b) The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2002. In order to have achieved a ratio of earnings to fixed charges of 1:1, we would have had to have generated an additional $1,039 million of earnings in the year ended December 31, 2002.