Praxair Inc – ‘10-K405’ for 12/31/01 – EX-12

On:  Thursday, 3/14/02   ·   For:  12/31/01   ·   Accession #:  950159-2-161   ·   File #:  1-11037

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Annual Report -- [x] Reg. S-K Item 405                16     82K 
 2: EX-10       Exhibit 10.03                                          7     20K 
 3: EX-10       Exhibit 10.07A                                         1      7K 
 4: EX-10       Exhibit 10.18                                         16     29K 
 5: EX-10       Exhibit 10.19                                          7     29K 
 6: EX-12       Statement re: Computation of Ratios -- exhibit12-1     1      7K 
 7: EX-13       Exhbit 13.01                                          59±   266K 
 8: EX-21       Exhibit 21.01                                          4     22K 
 9: EX-23       Exhibit 23.01                                          1      7K 

EX-12   —   Statement re: Computation of Ratios — exhibit12-1

                                                  Praxair, Inc. and Subsidiaries
--------------------------------------------------------------------------------

                                                                   EXHIBIT 12.01

PRAXAIR, INC. AND SUBSIDIARIES      
Ratio of Earnings to Fixed Charges      
(Millions of dollars, except ratios)      

                                          Years Ended December 31,
                                        ----------------------------
                                        2001   2000   1999   1998   1997
                                        ----   ----   ----   ----   ----
EARNINGS                                                                        

Income of consolidated companies                                                
before provision for income taxes          $576   $483   $627   $596   $622   
Capitalized interest                         (17)   (24)   (30)   (36)   (32)   
Depreciation of capitalized interest          11     10      9      7      7    
Dividends from companies carried at equity     5      3      1      2      1    

Total earnings, net of fixed charges        $575   $472   $607   $569   $598    

FIXED CHARGES                                                                   

Interest on long-term                                                           
and short-term debt                        $224   $224   $204   $260   $216   
Capitalized interest                          17     24     30     36     32    
Rental expenses representative of an                                            
interest factor                              37     34     32     27     23   

Total fixed charges                         $278   $282   $266   $323   $271    

Total adjusted earnings available for                                           
payment of fixed charges                   $853   $754   $873   $892   $869   

Preferred stock dividend requirements         $2   $  4   $  8   $  8   $  8    

RATIO OF EARNINGS TO FIXED CHARGES           3.1    2.7    3.3    2.8    3.2    

RATIO OF EARNINGS TO FIXED CHARGES                                              
AND PREFERRED STOCK DIVIDENDS               3.1    2.6    3.2    2.7    3.1