Attached files
| file | filename |
|---|---|
| EX-31.2 - RULE 13A-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MCDONALDS CORP | mcd-6302015xex312.htm |
| 10-Q - 10-Q - MCDONALDS CORP | mcd-6302015x10q.htm |
| EX-10.(P) - MCDONALD'S CORPORATION SEVERANCE PLAN - MCDONALDS CORP | mcd-6302015xex10p.htm |
| EX-31.1 - RULE 13A-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MCDONALDS CORP | mcd-6302015xex311.htm |
| EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY THE CHIEF EXECUTIVE OFFICER - MCDONALDS CORP | mcd-6302015xex321.htm |
| EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY THE CHIEF FINANCIAL OFFICER - MCDONALDS CORP | mcd-6302015xex322.htm |
| 10-Q - PDF OF ENTIRE FORM 10-Q - MCDONALDS CORP | mcd-630201510q.pdf |
Exhibit 12. Computation of Ratios | |||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
Dollars in millions | |||||||||||||||||||||||||||
Six Months | |||||||||||||||||||||||||||
Ended June 30, | Years Ended December 31, | ||||||||||||||||||||||||||
2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||
Earnings available for fixed charges | |||||||||||||||||||||||||||
- Income before provision for income taxes | $ | 2,966.5 | $ | 3,854.8 | $ | 7,372.0 | $ | 8,204.5 | $ | 8,079.0 | $ | 8,012.2 | $ | 7,000.3 | |||||||||||||
- Noncontrolling interest expense in operating results of majority-owned subsidiaries less equity in undistributed operating results of less than 50%-owned affiliates | 2.9 | 5.0 | 6.3 | 9.0 | 11.1 | 13.3 | 10.4 | ||||||||||||||||||||
- Income tax provision (benefit) of 50%-owned affiliates included in income from continuing operations before provision for income taxes | 3.0 | 8.0 | (0.1 | ) | 23.8 | 64.0 | 65.5 | 28.7 | |||||||||||||||||||
- Portion of rent charges (after reduction for rental income from subleased properties) considered to be representative of interest factors* | 179.7 | 189.9 | 374.6 | 374.6 | 358.1 | 339.4 | 315.4 | ||||||||||||||||||||
- Interest expense, amortization of debt discount and issuance costs, and depreciation of capitalized interest* | 311.2 | 285.9 | 596.1 | 548.9 | 550.1 | 520.5 | 479.1 | ||||||||||||||||||||
$ | 3,463.3 | $ | 4,343.6 | $ | 8,348.9 | $ | 9,160.8 | $ | 9,062.3 | $ | 8,950.9 | $ | 7,833.9 | ||||||||||||||
Fixed charges | |||||||||||||||||||||||||||
- Portion of rent charges (after reduction for rental income from subleased properties) considered to be representative of interest factors* | $ | 179.7 | $ | 189.9 | $ | 374.6 | $ | 374.6 | $ | 358.1 | $ | 339.4 | $ | 315.4 | |||||||||||||
- Interest expense, amortization of debt discount and issuance costs* | 302.8 | 277.8 | 579.8 | 532.1 | 532.8 | 503.0 | 461.5 | ||||||||||||||||||||
- Capitalized interest* | 4.8 | 7.2 | 14.8 | 15.6 | 16.1 | 14.0 | 12.0 | ||||||||||||||||||||
$ | 487.3 | $ | 474.9 | $ | 969.2 | $ | 922.3 | $ | 907.0 | $ | 856.4 | $ | 788.9 | ||||||||||||||
Ratio of earnings to fixed charges | 7.11 | 9.15 | 8.61 | 9.93 | 9.99 | 10.45 | 9.93 | ||||||||||||||||||||
* | 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. |