Attached files

file filename
10-Q - 10-Q - UNION PACIFIC CORPunp-20150930x10q.htm
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORPunp-20150930ex31a811f3e.htm
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORPunp-20150930ex31b268f01.htm
EX-12.(B) - EX-12.(B) - UNION PACIFIC CORPunp-20150930ex12b78052f.htm
EX-32 - EX-32 - UNION PACIFIC CORPunp-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