Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - MCDONALDS CORP | mcd-9302014x10q.htm |
| EX-10.(Z) - RETIREMENT AGREEMENT BETWEEN TIMOTHY FENTON AND THE COMPANY - MCDONALDS CORP | mcd-9302014xex10z.htm |
| EX-31.1 - RULE 13A-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MCDONALDS CORP | mcd-9302014xex311.htm |
| EX-31.2 - RULE 13A-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MCDONALDS CORP | mcd-9302014xex312.htm |
| EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY THE CHIEF EXECUTIVE OFFICER - MCDONALDS CORP | mcd-9302014xex321.htm |
| EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY THE CHIEF FINANCIAL OFFICER - MCDONALDS CORP | mcd-9302014xex322.htm |
| 10-Q - PDF OF ENTIRE FORM 10-Q - MCDONALDS CORP | mcd-930201410q.pdf |
| EXCEL - IDEA: XBRL DOCUMENT - MCDONALDS CORP | Financial_Report.xls |
Exhibit 12. Computation of Ratios | |||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
Dollars in millions | |||||||||||||||||||||||||||
Nine Months | |||||||||||||||||||||||||||
Ended September 30, | Years Ended December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
Earnings available for fixed charges | |||||||||||||||||||||||||||
- Income before provision for income taxes | $ | 5,775.9 | $ | 6,149.3 | $ | 8,204.5 | $ | 8,079.0 | $ | 8,012.2 | $ | 7,000.3 | $ | 6,487.0 | |||||||||||||
- Noncontrolling interest expense in operating results of majority-owned subsidiaries less equity in undistributed operating results of less than 50%-owned affiliates | 4.9 | 6.7 | 9.0 | 11.1 | 13.3 | 10.4 | 7.5 | ||||||||||||||||||||
- Income tax provision (benefit) of 50%-owned affiliates included in income from continuing operations before provision for income taxes | 9.7 | 23.6 | 23.8 | 64.0 | 65.5 | 28.7 | 47.7 | ||||||||||||||||||||
- Portion of rent charges (after reduction for rental income from subleased properties) considered to be representative of interest factors* | 284.0 | 279.3 | 374.6 | 358.1 | 339.4 | 315.4 | 302.8 | ||||||||||||||||||||
- Interest expense, amortization of debt discount and issuance costs, and depreciation of capitalized interest* | 441.6 | 408.9 | 548.9 | 550.1 | 520.5 | 479.1 | 504.5 | ||||||||||||||||||||
$ | 6,516.1 | $ | 6,867.8 | $ | 9,160.8 | $ | 9,062.3 | $ | 8,950.9 | $ | 7,833.9 | $ | 7,349.5 | ||||||||||||||
Fixed charges | |||||||||||||||||||||||||||
- Portion of rent charges (after reduction for rental income from subleased properties) considered to be representative of interest factors* | $ | 284.0 | $ | 279.3 | $ | 374.6 | $ | 358.1 | $ | 339.4 | $ | 315.4 | $ | 302.8 | |||||||||||||
- Interest expense, amortization of debt discount and issuance costs* | 429.4 | 396.2 | 532.1 | 532.8 | 503.0 | 461.5 | 486.9 | ||||||||||||||||||||
- Capitalized interest* | 11.1 | 11.7 | 15.6 | 16.1 | 14.0 | 12.0 | 11.9 | ||||||||||||||||||||
$ | 724.5 | $ | 687.2 | $ | 922.3 | $ | 907.0 | $ | 856.4 | $ | 788.9 | $ | 801.6 | ||||||||||||||
Ratio of earnings to fixed charges | 8.99 | 9.99 | 9.93 | 9.99 | 10.45 | 9.93 | 9.17 | ||||||||||||||||||||
* | Includes amounts of the Company and its majority-owned subsidiaries, and one-half of the amounts of 50%-owned affiliates. The Company records interest expense on unrecognized tax benefits in the provision for income taxes. This interest is not included in the computation of fixed charges. |