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EX-32.1 - UNISYS CORPex32-1firstq.txt
EX-31.2 - UNISYS CORPex31-2firstq.txt
EX-31.1 - UNISYS CORPex31-1firstq.txt
EX-32.2 - UNISYS CORPex32-2firstq.txt
10-Q - UNISYS CORPfirstq.txt



                                                                      Exhibit 12

                             UNISYS CORPORATION
       COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
                               ($ in millions)



                                  Three
                                  Months
                                  Ended          Years Ended December 31
                                  Mar. 31, ----------------------------------
                                  2010      2009   2008   2007   2006   2005
                                  --------  ----   ----   ----   ----   ----
Fixed charges
Interest expense                  $ 26.5   $ 95.2 $ 85.1 $ 76.3 $ 77.2 $ 64.7
Interest capitalized during
  the period                         2.1      7.5    9.0    9.1    9.9   15.0
Amortization of debt issuance
  expenses                            .7      3.3    4.1    3.8    3.8    3.4
Portion of rental expense
  representative of interest         9.2     36.8   49.5   54.9   55.7   59.7
                                   ------  ------ ------ ------ ------  -----
    Total Fixed Charges             38.5    142.8  147.7  144.1  146.6  142.8
                                   ------  ------ ------ ------ ------  -----
Earnings
Income (loss) from continuing
 operations before income taxes     (4.4)   215.0  (88.2)  13.2 (229.7)(191.1)
Add (deduct) the following:
 Share of loss (income) of
  associated companies                -        -      -      -     4.5   (7.2)
 Amortization of capitalized
  interest                           2.4     11.6   16.1   14.5   13.7   12.9
                                   -----   ------ ------ ------ ------  -----
    Subtotal                        (2.0)   226.6  (72.1)  27.7 (211.5)(185.4)
                                   -----   ------ ------ ------ ------  -----

Fixed charges per above             38.5    142.8  147.7  144.1  146.6  142.8
Less interest capitalized during
  the period                        (2.1)    (7.5)  (9.0)  (9.1)  (9.9) (15.0)
                                   -----   ------ ------ ------ ------ ------
Total earnings (loss)              $34.4   $361.9 $ 66.6 $162.7 $(74.8)$(57.6)
                                   =====   ====== ====== ====== ====== ======

Ratio of earnings to fixed
  charges                            *       2.53   *      1.13   *       *
                                   =====   ====== ====== ====== ======  =====


* Earnings for the three months ended March 31, 2010 and the years ended
December 31, 2008, 2006 and 2005 were inadequate to cover fixed charges by $4.1
million, $81.1 million, $221.4 million and $200.4 million, respectively.