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Previous: HONEYWELL INC, 10-Q, 1999-10-28 |
Next: HONEYWELL INC, 10-Q, 1999-10-28 |
HONEYWELL INC. AND SUBSIDIARIES COMBINED WITH PROPORTIONAL SHARES OF 50% OWNED COMPANIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Unaudited)
| (Dollars in Millions) |
Nine Months Ended October 3, 1999 |
||
|---|---|---|---|
| Income before Income Taxes | $ | 615.6 | |
| Deduct: |
|
|
|
| Equity income(loss) | 2.0 | ||
| Subtotal | 613.6 | ||
| Add (deduct): |
|
|
|
| Dividends from less than 50% owned companies | 2.7 | ||
| Proportional share of income (loss) before income taxes of 50% owned companies | 0.9 | ||
| Adjusted income | 617.2 | ||
| Fixed Charges |
|
|
|
| Interest on indebtedness | 84.6 | ||
| Amortization of debt expense | 1.3 | ||
| Interest portion of rent expense | 35.9 | ||
| Total Fixed Charges |
|
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121.8 |
| Total Available Income |
|
$ |
739.0 |
| Ratio of Earnings to Fixed Charges | 6.1 | ||
HONEYWELL INC. AND SUBSIDIARIES COMBINED WITH PROPORTIONAL SHARES OF 50% OWNED COMPANIES
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