Attached files
file | filename |
---|---|
EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex32d2.htm |
EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex32d1.htm |
EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex31d2.htm |
EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex31d1.htm |
EX-11 - EX-11 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex11.htm |
EX-10.3 - EX-10.3 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex10d3.htm |
EX-10.2 - EX-10.2 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex10d2.htm |
EX-10.1 - EX-10.1 - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_1ex10d1.htm |
10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | a17-13367_110q.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF INCOME FROM
CONTINUING OPERATIONS TO FIXED CHARGES
FOR SIX MONTHS ENDED JUNE 30,
(UNAUDITED)
(Dollars in millions) |
|
2017 |
|
2016 |
| ||
Income from continuing operations before income taxes (1) |
|
$ |
3,870 |
|
$ |
4,086 |
|
|
|
|
|
|
| ||
Add: fixed charges, excluding capitalized interest |
|
848 |
|
823 |
| ||
|
|
|
|
|
| ||
Income as adjusted before income taxes |
|
$ |
4,718 |
|
$ |
4,909 |
|
|
|
|
|
|
| ||
Fixed charges: |
|
|
|
|
| ||
Interest expense |
|
$ |
612 |
|
$ |
599 |
|
Capitalized interest |
|
1 |
|
1 |
| ||
Portion of rental expense representative of interest |
|
236 |
|
225 |
| ||
|
|
|
|
|
| ||
Total fixed charges |
|
$ |
849 |
|
$ |
825 |
|
|
|
|
|
|
| ||
Ratio of income from continuing operations to fixed charges |
|
5.56 |
|
5.95 |
|
(1) Income from continuing operations before income taxes excludes (a) amortization of capitalized interest, and (b) the companys share in the income and losses of less-than-fifty percent-owned affiliates.