HALLIBURTON CO - FORM 10-Q - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 24, 2014

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - HALLIBURTON COFinancial_Report.xls
10-Q - SEPTEMBER 30, 2014 FORM 10-Q - HALLIBURTON COhal_09302014-10q.htm
EX-95 - MINE SAFETY DISCLOSURES - HALLIBURTON COhal_09302014-ex95.htm
EX-32.1 - 906 CERTIFICATION FOR CEO - HALLIBURTON COhal_09302014-ex321.htm
EX-32.2 - 906 CERTIFICATION FOR CFO - HALLIBURTON COhal_09302014-ex322.htm
EX-31.2 - 302 CERTIFICATION FOR CFO - HALLIBURTON COhal_09302014-ex312.htm
EX-10.1 - MACONDO LITIGATION SETTLEMENT AGREEMENT - HALLIBURTON COhal_09302014-ex101.htm
EX-31.1 - 302 CERTIFICATION FOR CEO - HALLIBURTON COhal_09302014-ex311.htm


    
Exhibit 12.1


HALLIBURTON COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Millions of dollars, except ratios)


 
Nine
Months
Ended
September 30,
2014
Year Ended December 31
 
 
2013
2012
2011
2010
2009
Earnings available for fixed charges:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
3,472

$
2,764

$
3,822

$
4,449

$
2,655

$
1,682

Add:
 
 
 
 
 
 
Distributed earnings from equity in unconsolidated affiliates
8

19

4

13

13

17

Fixed charges
422

511

445

384

402

361

Subtotal
3,902

3,294

4,271

4,846

3,070

2,060

Less:
 
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
16

9

14

20

20

16

Total earnings available for fixed charges
$
3,886

$
3,285

$
4,257

$
4,826

$
3,050

$
2,044

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
Interest expense
$
293

$
339

$
305

$
268

$
308

$
297

Rental expense representative of interest
129

172

140

116

94

64

Total fixed charges
$
422

$
511

$
445

$
384

$
402

$
361

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
9.2

6.4

9.6

12.6

7.6

5.7


    




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