EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

	2010		2009		2008		2007		2006
Earnings before income taxes and equity earnings	$	277.4	$	205.3	$	357.8	$	284.2	$	147.5
Distributed income of equity investees		2.0		–		1.5		3.0		–
Earnings before income taxes and equity earnings, as adjusted	$	279.4	$	205.3	$	359.3	$	287.2	$	147.5
Fixed charges:
Interest on debt	$	54.1	$	47.0	$	33.1	$	45.5	$	20.0
Interest element of rentals		2.7		2.9		2.7		2.5		2.2
Total fixed charges	$	56.8	$	49.9	$	35.8	$	48.0	$	22.2
Total adjusted earnings available for payment of fixed charges	$	336.2	$	255.2	$	395.1	$	335.2	$	169.7
Ratio of earnings to fixed charges		5.9		5.1		11.0		7.0		7.6

118 SNAP-ON INCORPORATED