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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.A - EX-12.A - UNION PACIFIC CORPunp-20180630xex12_a.htm
10-Q - 10-Q - UNION PACIFIC CORPunp-20180630x10q.htm

Exhibit 12(b)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Six Months Ended June 30,

2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

389 

$

351 

  Portion of rentals representing an interest factor

 

33 

 

38 

Total fixed charges

$

422 

$

389 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

2,819 

$

2,240 

  Equity earnings net of distributions

 

(66)

 

(16)

  Income taxes

 

830 

 

1,317 

  Fixed charges

 

422 

 

389 

Earnings available for fixed charges

$

4,005 

$

3,930 

Ratio of earnings to fixed charges

 

9.5 

 

10.1 



















































































38