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10-Q - 10-Q - UNION PACIFIC CORPunp-20170930x10q.htm
EX-32 - EX-32 - UNION PACIFIC CORPunp-20170930xex32.htm
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORPunp-20170930xex31_b.htm
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORPunp-20170930xex31_a.htm
EX-12.(B) - EX-12.(B) - UNION PACIFIC CORPunp-20170930xex12_b.htm
EX-10 - EX-10 - UNION PACIFIC CORPunp-20170930xex10.htm

Exhibit 12(a)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Three Months Ended September 30,

2017  2016 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

180 

$

184 

  Portion of rentals representing an interest factor

 

19 

 

24 

Total fixed charges

$

199 

$

208 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

1,194 

$

1,131 

  Equity earnings net of distributions

 

(38)

 

(28)

  Income taxes

 

789 

 

674 

  Fixed charges

 

199 

 

208 

Earnings available for fixed charges

$

2,144 

$

1,985 

Ratio of earnings to fixed charges

 

10.8 

 

9.5