Attached files

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EX-32 - EX-32 - UNION PACIFIC CORPunp-20180630xex32.htm
EX-31.B - EX-31.B - UNION PACIFIC CORPunp-20180630xex31_b.htm
EX-31.A - EX-31.A - UNION PACIFIC CORPunp-20180630xex31_a.htm
EX-12.B - EX-12.B - UNION PACIFIC CORPunp-20180630xex12_b.htm
10-Q - 10-Q - UNION PACIFIC CORPunp-20180630x10q.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 June 30,

2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

203 

$

179 

  Portion of rentals representing an interest factor

 

15 

 

18 

Total fixed charges

$

218 

$

197 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

1,509 

$

1,168 

  Equity earnings net of distributions

 

(57)

 

(6)

  Income taxes

 

429 

 

701 

  Fixed charges

 

218 

 

197 

Earnings available for fixed charges

$

2,099 

$

2,060 

Ratio of earnings to fixed charges

 

9.6 

 

10.5