Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - SECTION 302 - CEO CERTIFICATE - UNITED PARCEL SERVICE INC | ups-9302016xex311.htm |
| EX-31.2 - EXHIBIT 31.2 - SECTION 302 - CFO CERTIFICATE - UNITED PARCEL SERVICE INC | ups-9302016xex312.htm |
| EX-10.2 - EXHIBIT 10.2 - UPS 401(K) SAVINGS PLAN, AMENDMENT AND RESTATEMENT - UNITED PARCEL SERVICE INC | ups-9302016xex102.htm |
| EX-32.1 - EXHIBIT 32.1 - SECTION 906 - CEO CERTIFICATION - UNITED PARCEL SERVICE INC | ups-9302016xex321.htm |
| EX-32.2 - EXHIBIT 32.2 - SECTION 906 - CFO CERTIFICATION - UNITED PARCEL SERVICE INC | ups-9302016xex322.htm |
| 10-Q - 10-Q - UNITED PARCEL SERVICE INC | ups-9302016x10q.htm |
Exhibit 12
United Parcel Service, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(dollar amounts in millions)
Nine Months Ended September 30, | Year Ended December 31, | ||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 5,652 | $ | 7,342 | $ | 4,637 | $ | 6,674 | $ | 974 | $ | 5,776 | |||||||
Add: Interest expense | 281 | 341 | 353 | 380 | 393 | 348 | |||||||||||||
Add: Interest factor in rental expense | 147 | 223 | 225 | 192 | 206 | 210 | |||||||||||||
Total earnings | $ | 6,080 | $ | 7,906 | $ | 5,215 | $ | 7,246 | $ | 1,573 | $ | 6,334 | |||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 281 | $ | 341 | $ | 353 | $ | 380 | $ | 393 | $ | 348 | |||||||
Interest capitalized | 9 | 13 | 11 | 14 | 18 | 17 | |||||||||||||
Interest factor in rental expense | 147 | 223 | 225 | 192 | 206 | 210 | |||||||||||||
Total fixed charges | $ | 437 | $ | 577 | $ | 589 | $ | 586 | $ | 617 | $ | 575 | |||||||
Ratio of earnings to fixed charges | 13.9 | 13.7 | 8.9 | 12.4 | 2.5 | 11.0 | |||||||||||||