Attached files
file | filename |
---|---|
10-Q - 10-Q - ABBOTT LABORATORIES | a15-17845_110q.htm |
EX-32.1 - EX-32.1 - ABBOTT LABORATORIES | a15-17845_1ex32d1.htm |
EX-31.1 - EX-31.1 - ABBOTT LABORATORIES | a15-17845_1ex31d1.htm |
EX-31.2 - EX-31.2 - ABBOTT LABORATORIES | a15-17845_1ex31d2.htm |
EX-32.2 - EX-32.2 - ABBOTT LABORATORIES | a15-17845_1ex32d2.htm |
Exhibit 12
Abbott Laboratories and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)
|
|
Nine Months Ended |
| |
|
|
September 30, 2015 |
| |
Earnings from Continuing Operations |
|
$ |
1,911 |
|
Add (deduct): |
|
|
| |
Taxes on earnings |
|
442 |
| |
Capitalized interest cost, net of amortization |
|
2 |
| |
Noncontrolling interests |
|
12 |
| |
|
|
|
| |
Earnings from Continuing Operations, as adjusted |
|
2,367 |
| |
|
|
|
| |
Fixed Charges: |
|
|
| |
Interest on long-term and short-term debt |
|
122 |
| |
Capitalized interest cost |
|
10 |
| |
Rental expense representative of an interest factor |
|
65 |
| |
|
|
|
| |
Total Fixed Charges |
|
197 |
| |
|
|
|
| |
Total adjusted earnings available for payment of fixed charges |
|
$ |
2,564 |
|
|
|
|
| |
Ratio of earnings to fixed charges |
|
13.0 |
|
NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings for taxes on earnings; interest expense; capitalized interest cost, net of amortization; noncontrolling interests; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.