RATIO OF EARNINGS TO FIXED CHARGES

Praxair, Inc. and Subsidiaries

Exhibit 12.01

(Dollar amounts in millions, except ratios)	Year Ended December 31,
	2010			2009			2008			2007			2006
Pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	1,964		$	1,442		$	1,685		$	1,613		$	1,364
Capitalized interest		(62	)		(55	)		(44	)		(35	)		(21	)
Depreciation of capitalized interest		18			17			17			15			14
Dividends from less than 50%-owned companies carried at equity		9			11			24			8			9
Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	1,929		$	1,415		$	1,682		$	1,601		$	1,366
Fixed charges
Interest on long-term and short-term debt	$	118		$	133		$	198		$	173		$	155
Capitalized interest		62			55			44			35			21
Rental expenses representative of an interest factor		37			37			37			34			32
Total fixed charges	$	217		$	225		$	279		$	242		$	208
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	$	2,146		$	1,640		$	1,961		$	1,843		$	1,574
RATIO OF EARNINGS TO FIXED CHARGES		9.9			7.3			7.0			7.6			7.6