Attached files
file | filename |
---|---|
10-Q - 10-Q - UNION PACIFIC CORP | unp-20150930x10q.htm |
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORP | unp-20150930ex31a811f3e.htm |
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORP | unp-20150930ex31b268f01.htm |
EX-12.(B) - EX-12.(B) - UNION PACIFIC CORP | unp-20150930ex12b78052f.htm |
EX-32 - EX-32 - UNION PACIFIC CORP | unp-20150930xex32.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 September 30, |
2015 | 2014 | ||
Fixed charges: |
||||
Interest expense including amortization of debt discount |
$ |
157 |
$ |
144 |
Portion of rentals representing an interest factor |
21 | 26 | ||
Total fixed charges |
$ |
178 |
$ |
170 |
Earnings available for fixed charges: |
||||
Net income |
$ |
1,300 |
$ |
1,370 |
Equity earnings net of distributions |
(23) | (19) | ||
Income taxes |
781 | 836 | ||
Fixed charges |
178 | 170 | ||
Earnings available for fixed charges |
$ |
2,236 |
$ |
2,357 |
Ratio of earnings to fixed charges |
12.6 | 13.9 |
41