Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - BRISTOL MYERS SQUIBB CO | Financial_Report.xls |
| 10-Q - FORM 10-Q - BRISTOL MYERS SQUIBB CO | d10q.htm |
| EX-31.(A) - SECTION 302 CERTIFICATION - BRISTOL MYERS SQUIBB CO | dex31a.htm |
| EX-32.(A) - SECTION 906 CERTIFICATION - BRISTOL MYERS SQUIBB CO | dex32a.htm |
| EX-31.(B) - SECTION 302 CERTIFICATION - BRISTOL MYERS SQUIBB CO | dex31b.htm |
| EX-32.(B) - SECTION 906 CERTIFICATION - BRISTOL MYERS SQUIBB CO | dex32b.htm |
EXHIBIT 12.
Computation of Earnings to Fixed Charges
| Ratio of Earnings to Fixed Charges: | Nine Months Ended September 30, |
Year Ended December 31, | ||||||||||||||||
| Dollars in Millions | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||
| Earnings |
||||||||||||||||||
| Earnings from continuing operations before income taxes |
$ | 4,849 | $ | 5,471 | $ | 3,186 | $ | 2,085 | $ | 4,016 | $ | 3,911 | ||||||
| Less: |
||||||||||||||||||
| Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
1,258 | 1,444 | 1,106 | 609 | 812 | 704 | ||||||||||||
| Equity in net income of affiliates |
435 | 617 | 524 | 474 | 334 | 273 | ||||||||||||
| Capitalized interest |
10 | 23 | 27 | 18 | 9 | 10 | ||||||||||||
| Income adjusted for equity income |
3,146 | 3,387 | 1,529 | 984 | 2,861 | 2,924 | ||||||||||||
| Add: |
||||||||||||||||||
| Fixed charges |
196 | 393 | 504 | 566 | 408 | 369 | ||||||||||||
| Distributed income of equity investments |
431 | 590 | 488 | 439 | 383 | 278 | ||||||||||||
| Pre-tax losses of equity investees |
7 | 17 | 12 | 10 | 9 | 3 | ||||||||||||
| Total Earnings |
$ | 3,780 | $ | 4,387 | $ | 2,533 | $ | 1,999 | $ | 3,661 | $ | 3,574 | ||||||
| Fixed Charges |
||||||||||||||||||
| Interest expense |
$ | 141 | $ | 310 | $ | 422 | $ | 498 | $ | 349 | $ | 310 | ||||||
| Capitalized interest |
10 | 23 | 27 | 18 | 9 | 10 | ||||||||||||
| One-third of rental expense (1) |
45 | 60 | 55 | 50 | 50 | 49 | ||||||||||||
| Total Fixed Charges |
$ | 196 | $ | 393 | $ | 504 | $ | 566 | $ | 408 | $ | 369 | ||||||
| Ratio of Earnings to Fixed Charges |
19.29 | 11.16 | 5.03 | 3.53 | 8.97 | 9.69 | ||||||||||||
| (1) | Rents included in the computation consist of one-third of rental expense which the Company believes to be a reasonable estimate of an interest factor in its leases. |
E-12-1