Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - UNION PACIFIC CORP | unp-20160331x10q.htm |
| EX-31.(A) - EX-31.(A) - UNION PACIFIC CORP | unp-20160331xex31_a.htm |
| EX-32 - EX-32 - UNION PACIFIC CORP | unp-20160331xex32.htm |
| EX-31.(B) - EX-31.(B) - UNION PACIFIC CORP | unp-20160331xex31_b.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
Union Pacific Corporation and Subsidiary Companies
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Millions, Except for Ratios |
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for the Three Months Ended March 31, |
2016 | 2015 | ||
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Fixed charges: |
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Interest expense including amortization of debt discount |
$ |
167 |
$ |
148 |
|
Portion of rentals representing an interest factor |
24 | 25 | ||
|
Total fixed charges |
$ |
191 |
$ |
173 |
|
Earnings available for fixed charges: |
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Net income |
$ |
979 |
$ |
1,151 |
|
Equity earnings net of distributions |
(21) | (13) | ||
|
Income taxes |
587 | 704 | ||
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Fixed charges |
191 | 173 | ||
|
Earnings available for fixed charges |
$ |
1,736 |
$ |
2,015 |
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Ratio of earnings to fixed charges |
9.1 | 11.6 | ||
37