EX-12.01 7 pxq4201210-kex1201ratioofe.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES PX 2012 10-K EX12.01 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Praxair, Inc. and Subsidiaries
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
(Dollar amounts in millions, except ratios)
2012
 
2011
 
2010
 
2009
 
2008
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations before adjustment for
 
 
 
 
 
 
 
 
 
   noncontrolling interests in consolidated subsidiaries or income or
 
 
 
 
 
 
 
 
 
   loss from equity investees
$2,296
 
$2,323
 
$1,964
 
$1,442
 
$1,685
      Capitalized interest
(70
)
 
(62
)
 
(62
)
 
(55
)
 
(44
)
      Depreciation of capitalized interest
20

 
22

 
18

 
17

 
17

      Dividends from less than 50%-owned companies carried at equity
7

 
6

 
9

 
11

 
24

Adjusted pre-tax income from continuing operations before adjustment
 
 
 
 
 
 
 
 
 
   for noncontrolling interests in consolidated subsidiaries or income
 
 
 
 
 
 
 
 
 
    or loss from equity investees
$2,253
 
$2,289
 
$1,929
 
$1,415
 
$1,682
Fixed charges
 
 
 
 
 
 
 
 
 
   Interest on long-term and short-term debt
$141
 
$145
 
$118
 
$133
 
$198
   Capitalized interest
70

 
62

 
62

 
55

 
44

   Rental expenses representative of an interest factor
39

 
38

 
$37
 
$37
 
$37
Total fixed charges
$250
 
$245
 
$217
 
$225
 
$279
 
 
 
 
 
 
 
 
 
 
Adjusted pre-tax income from continuing operations before adjustment
 
 
 
 
 
 
 
 
 
  for noncontrolling interests in consolidated subsidiaries or income or
 
 
 
 
 
 
 
 
 
  loss from equity investees plus total fixed charges
$2,503
 
$2,534
 
$2,146
 
$1,640
 
$1,961
RATIO OF EARNINGS TO FIXED CHARGES
10.0

 
10.3

 
9.9

 
7.3

 
7.0