Attached files
file | filename |
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EX-32 - EX-32 - UNION PACIFIC CORP | unp-20160630xex32.htm |
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORP | unp-20160630xex31_b.htm |
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORP | unp-20160630xex31_a.htm |
EX-12.(A) - EX-12.(A) - UNION PACIFIC CORP | unp-20160630xex12_a.htm |
10-Q - 10-Q - UNION PACIFIC CORP | unp-20160630x10q.htm |
Exhibit 12(b)
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 Six Months Ended June 30, |
2016 | 2015 | ||
Fixed charges: |
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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 |
41