Attached files
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (dollars in millions) | Three Months Ended March 31, 2010 |
||
| Earnings: |
|||
| Income before provision for income taxes |
$ 3,849 | ||
| Equity in earnings of unconsolidated businesses |
(133 | ) | |
| Dividends from unconsolidated businesses |
13 | ||
| Interest expense(1) |
680 | ||
| Portion of rent expense representing interest |
218 | ||
| Amortization of capitalized interest |
34 | ||
| Earnings, as adjusted |
$ 4,661 | ||
| Fixed Charges: |
|||
| Interest expense(1) |
$ 680 | ||
| Portion of rent expense representing interest |
218 | ||
| Capitalized interest |
226 | ||
| Fixed Charges |
$ 1,124 | ||
| Ratio of earnings to fixed charges |
4.15 | ||
(1) We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges.