Attached files
| file | filename |
|---|---|
| EX-10.2 - EMPLOYMENT AGREEMENT WITH MARTIN KING. - Philip Morris International Inc. | pm-ex102_093015xq3.htm |
| EX-31.2 - CERTIFICATION OF CFO PURSUANT TO RULE 13A-14(A)/15D-14(A) - Philip Morris International Inc. | pm-ex312_093015xq3.htm |
| EX-31.1 - CERTIFICATION OF CEO PURSUANT TO RULE 13A-14(A)/15D-14(A) - Philip Morris International Inc. | pm-ex311_093015xq3.htm |
| EX-32.1 - CERTIFICATION OF CEO PURSUANT TO 18 U.S.C. 1350 - Philip Morris International Inc. | pm-ex321_093015xq3.htm |
| EX-32.2 - CERTIFICATION OF CFO PURSUANT TO 18 U.S.C. 1350 - Philip Morris International Inc. | pm-ex322_093015xq3.htm |
| EX-10.3 - AMENDMENT TO EMPLOYMENT AGREEMENT WITH MIROSLAW ZIELINSKI. - Philip Morris International Inc. | pm-ex103_093015xq3.htm |
| 10-Q - 10-Q - Philip Morris International Inc. | pm-093015x10qxdoc.htm |
Exhibit 12
PHILIP MORRIS INTERNATIONAL INC. AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)
Nine Months Ended September 30, 2015 | Three Months Ended September 30, 2015 | ||||||
Earnings before income taxes | $ | 7,941 | $ | 2,712 | |||
Add (deduct): | |||||||
Dividends from less than 50% owned affiliates | 86 | — | |||||
Fixed charges | 954 | 309 | |||||
Interest capitalized, net of amortization | (1 | ) | — | ||||
Earnings available for fixed charges | $ | 8,980 | $ | 3,021 | |||
Fixed charges: | |||||||
Interest incurred | $ | 870 | $ | 281 | |||
Portion of rent expense deemed to represent interest factor | 84 | 28 | |||||
Fixed charges | $ | 954 | $ | 309 | |||
Ratio of earnings to fixed charges | 9.4 | 9.8 | |||||
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Exhibit 12
PHILIP MORRIS INTERNATIONAL INC. AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)
For the Years Ended December 31, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings before income taxes | $ | 10,650 | $ | 12,542 | $ | 13,004 | $ | 12,542 | $ | 10,332 | |||||||||
Add (deduct): | |||||||||||||||||||
Dividends from less than 50% owned affiliates | 107 | 1 | — | — | — | ||||||||||||||
Fixed charges | 1,284 | 1,216 | 1,115 | 1,042 | 1,069 | ||||||||||||||
Interest capitalized, net of amortization | 1 | 4 | 2 | (2 | ) | 1 | |||||||||||||
Earnings available for fixed charges | $ | 12,042 | $ | 13,763 | $ | 14,121 | $ | 13,582 | $ | 11,402 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest incurred | $ | 1,172 | $ | 1,105 | $ | 1,009 | $ | 940 | $ | 976 | |||||||||
Portion of rent expense deemed to represent interest factor | 112 | 111 | 106 | 102 | 93 | ||||||||||||||
Fixed charges | $ | 1,284 | $ | 1,216 | $ | 1,115 | $ | 1,042 | $ | 1,069 | |||||||||
Ratio of earnings to fixed charges | 9.4 | 11.3 | 12.7 | 13.0 | 10.7 | ||||||||||||||
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