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EX-31.(B) - EX-31.(B) - UNION PACIFIC CORPunp-20150630ex31bf86386.htm
EX-12.(B) - EX-12.(B) - UNION PACIFIC CORPunp-20150630ex12bae8cce.htm
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORPunp-20150630ex31a103144.htm
XML - IDEA: XBRL DOCUMENT - UNION PACIFIC CORPR9999.htm
10-Q - 10-Q - UNION PACIFIC CORPunp-20150630x10q.htm
EX-32 - EX-32 - UNION PACIFIC CORPunp-20150630xex32.htm

Exhibit 12(a)

 

RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies

 

 

 

 

 

 

 

 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Three Months Ended June 30,

2015 
2014 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

153 

$

138 

  Portion of rentals representing an interest factor

 

24 

 

26 

Total fixed charges

$

177 

$

164 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

1,204 

$

1,291 

  Equity earnings net of distributions

 

(8)

 

(11)

  Income taxes

 

734 

 

789 

  Fixed charges

 

177 

 

164 

Earnings available for fixed charges

$

2,107 

$

2,233 

Ratio of earnings to fixed charges

 

11.9 

 

13.6 

 

40