EX-12 4 d491312dex12.htm EX-12

EX-12

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

		2017				2016				2015				2014				2013
Earnings before income taxes and equity earnings		$	821.9			$	801.4			$	710.5			$	630.9			$	526.2
Fixed charges:
Interest on debt		$	51.8			$	51.5			$	51.0			$	51.8			$	55.3
Interest element of rentals			2.7				2.6				2.7				2.9				2.7
Total fixed charges		$	54.5			$	54.1			$	53.7			$	54.7			$	58.0
Total adjusted earnings available for payment of fixed charges		$	876.4			$	855.5			$	764.2			$	685.6			$	584.2
Ratio of earnings to fixed charges			16.1				15.8				14.2				12.5				10.1

120 SNAP-ON INCORPORATED