Attached files

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10-Q - 10-Q - UNION PACIFIC CORPunp-20180930x10q.htm
EX-32 - EX-32 - UNION PACIFIC CORPunp-20180930xex32.htm
EX-31.B - EX-31.B - UNION PACIFIC CORPunp-20180930xex31_b.htm
EX-31.A - EX-31.A - UNION PACIFIC CORPunp-20180930xex31_a.htm
EX-12.B - EX-12.B - UNION PACIFIC CORPunp-20180930xex12_b.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,

2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

241 

$

180 

  Portion of rentals representing an interest factor

 

19 

 

19 

Total fixed charges

$

260 

$

199 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

1,593 

$

1,194 

  Equity earnings net of distributions

 

(16)

 

(38)

  Income taxes

 

483 

 

789 

  Fixed charges

 

260 

 

199 

Earnings available for fixed charges

$

2,320 

$

2,144 

Ratio of earnings to fixed charges

 

8.9 

 

10.8