Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - UNITED PARCEL SERVICE INCFinancial_Report.xls
EX-31.1 - EXHIBIT 31.1 - SECTION 302 - CEO CERTIFICATION - UNITED PARCEL SERVICE INCups-6302014xex311.htm
EX-31.2 - EXHIBIT 31.2 - SECTION 302 - CFO CERTIFICATION - UNITED PARCEL SERVICE INCups-6302014xex312.htm
10-Q - FORM 10-Q - UNITED PARCEL SERVICE INCups-6302014x10q.htm
EX-32.1 - EXHIBIT 32.1 - SECTION 906 - CEO CERTIFICATION - UNITED PARCEL SERVICE INCups-6302014xex321.htm
EX-32.2 - EXHIBIT 32.2 - SECTION 906 - CFO CERTIFICATION - UNITED PARCEL SERVICE INCups-6302014xex322.htm


Exhibit 12
United Parcel Service, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
Six Months Ended
June 30,
 
Year Ended December 31, 
 
2014
 
2013
2012
2011
2010
2009
Earnings:
 
 
 
 
 
 
 
Income before income taxes
$
2,106

 
$
6,674

$
974

$
5,776

$
5,290

$
3,073

Add: Interest expense
179

 
380

393

348

354

445

Add: Interest factor in rental expense
99

 
192

206

210

205

207

Total earnings
$
2,384

 
$
7,246

$
1,573

$
6,334

$
5,849

$
3,725

 
 

 
 

 

 

 

 

Fixed charges:
 

 
 

 

 

 

 

Interest expense
$
179

 
$
380

$
393

$
348

$
354

$
445

Interest capitalized
5

 
14

18

17

18

37

Interest factor in rental expense
99

 
192

206

210

205

207

Total fixed charges
$
283

 
$
586

$
617

$
575

$
577

$
689

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
8.4

 
12.4

2.5

11.0

10.1

5.4