Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - UNION PACIFIC CORP | unp-20150331x10q.htm |
| EX-32 - EX-32 - UNION PACIFIC CORP | unp-20150331xex32.htm |
| EX-31.(A) - EX-31.(A) - UNION PACIFIC CORP | unp-20150331ex31a4c8b34.htm |
| EXCEL - IDEA: XBRL DOCUMENT - UNION PACIFIC CORP | Financial_Report.xls |
| EX-31.(B) - EX-31.(B) - UNION PACIFIC CORP | unp-20150331ex31b7458a4.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
Union Pacific Corporation and Subsidiary Companies
|
Millions, Except for Ratios |
||||
|
for the Three Months Ended March 31, |
2015 | 2014 | ||
|
Fixed charges: |
||||
|
Interest expense including amortization of debt discount |
$ |
148 |
$ |
133 |
|
Portion of rentals representing an interest factor |
25 | 28 | ||
|
Total fixed charges |
$ |
173 |
$ |
161 |
|
Earnings available for fixed charges: |
||||
|
Net income |
$ |
1,151 |
$ |
1,088 |
|
Equity earnings net of distributions |
(13) | (14) | ||
|
Income taxes |
704 | 671 | ||
|
Fixed charges |
173 | 161 | ||
|
Earnings available for fixed charges |
$ |
2,015 |
$ |
1,906 |
|
Ratio of earnings to fixed charges |
11.6 | 11.8 | ||
39