EXHIBIT 12
THE CIT GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
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For the Six Months Ended
June 30,
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2000 1999
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<S> <C> <C>
Net income $ 295.3 $188.2
Provision for income taxes 181.5 100.5
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Earnings before provision for income taxes 476.8 288.7
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Fixed charges:
Interest and debt expense on indebtedness 1,202.8 554.1
Minority interest in subsidiary trust holding solely
debentures of the Company 9.6 9.6
Interest factor - one third of rentals on real and
personal properties 11.1 4.9
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Total fixed charges 1,223.5 568.6
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Total earnings before provision for income taxes
and fixed charges $1,700.3 $857.3
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Ratios of earnings to fixed charges 1.39x 1.51x
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