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.A - EX-12.A - UNION PACIFIC CORPunp-20180930xex12_a.htm

Exhibit 12(b)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Nine Months Ended September 30,

2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

630 

$

531 

  Portion of rentals representing an interest factor

 

52 

 

57 

Total fixed charges

$

682 

$

588 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

4,412 

$

3,434 

  Equity earnings net of distributions

 

(82)

 

(54)

  Income taxes

 

1,313 

 

2,106 

  Fixed charges

 

682 

 

588 

Earnings available for fixed charges

$

6,325 

$

6,074 

Ratio of earnings to fixed charges

 

9.3 

 

10.3