EX-12 3 ex12.txt EXHIBIT 12 Exhibit 12 HONEYWELL INTERNATIONAL INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Six Months Ended June 30, 2002
Determination of Earnings: Income before taxes ........................................... 842 Add (Deduct): Amortization of capitalized interest ...................... 13 Fixed charges ............................................. 228 Equity income, net of distributions ....................... (10) ----- Total earnings, as defined ........................... 1,073 ===== Fixed Charges: Rents(a) ...................................................... 53 Interest and other financial charges .......................... 175 ----- 228 Capitalized interest .......................................... 10 ----- Total fixed charges .................................. 238 ===== Ratio of earnings to fixed charges ............................ 4.51 =====
---------- (a) Denotes the equivalent of an appropriate portion of rentals representative of the interest factor on all rentals other than for capitalized leases.