Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_1ex31d1.htm |
| EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_1ex32d2.htm |
| EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_1ex32d1.htm |
| EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_1ex31d2.htm |
| EX-10.2 - EX-10.2 - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_1ex10d2.htm |
| EX-10.1 - EX-10.1 - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_1ex10d1.htm |
| 10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | a18-19046_110q.htm |
COMPUTATION OF RATIO OF INCOME FROM
CONTINUING OPERATIONS TO FIXED CHARGES
FOR NINE MONTHS ENDED SEPTEMBER 30,
(UNAUDITED)
|
(Dollars in millions) |
|
2018 |
|
2017 |
| ||
|
Income from continuing operations before income taxes (1) |
|
$ |
6,915 |
|
$ |
6,936 |
|
|
|
|
|
|
|
| ||
|
Add: fixed charges, excluding capitalized interest |
|
1,501 |
|
1,301 |
| ||
|
|
|
|
|
|
| ||
|
Income as adjusted before income taxes |
|
$ |
8,416 |
|
$ |
8,236 |
|
|
|
|
|
|
|
| ||
|
Fixed charges: |
|
|
|
|
| ||
|
Interest expense |
|
$ |
1,098 |
|
$ |
947 |
|
|
Capitalized interest |
|
3 |
|
(1 |
) | ||
|
Portion of rental expense representative of interest |
|
404 |
|
354 |
| ||
|
|
|
|
|
|
| ||
|
Total fixed charges |
|
$ |
1,504 |
|
$ |
1,300 |
|
|
|
|
|
|
|
| ||
|
Ratio of income from continuing operations to fixed charges |
|
5.59 |
|
6.34 |
| ||
(1) Income from continuing operations before income taxes excludes (a) amortization of capitalized interest, and (b) the company’s share in the income and losses of less-than-fifty percent-owned affiliates.