Attached files

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EX-32 - EX-32 - UNION PACIFIC CORPunp-20160630xex32.htm
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORPunp-20160630xex31_b.htm
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORPunp-20160630xex31_a.htm
EX-12.(A) - EX-12.(A) - UNION PACIFIC CORPunp-20160630xex12_a.htm
10-Q - 10-Q - UNION PACIFIC CORPunp-20160630x10q.htm

Exhibit 12(b)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Six Months Ended June 30,

2016  2015 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

340 

$

301 

  Portion of rentals representing an interest factor

 

40 

 

49 

Total fixed charges

$

380 

$

350 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

1,958 

$

2,355 

  Equity earnings net of distributions

 

(29)

 

(21)

  Income taxes

 

1,172 

 

1,438 

  Fixed charges

 

380 

 

350 

Earnings available for fixed charges

$

3,481 

$

4,122 

Ratio of earnings to fixed charges

 

9.2 

 

11.8 



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