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10-Q - FORM 10-Q - WILLIAMS COMPANIES, INC.c58637e10vq.htm
EX-31.2 - EX-31.2 - WILLIAMS COMPANIES, INC.c58637exv31w2.htm
EX-32 - EX-32 - WILLIAMS COMPANIES, INC.c58637exv32.htm
EX-31.1 - EX-31.1 - WILLIAMS COMPANIES, INC.c58637exv31w1.htm
Exhibit 12
The Williams Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
         
    Six months ended  
    June 30, 2010  
    (Millions)  
Earnings:
       
Income from continuing operations before income taxes
  $ 85  
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees
    (26 )
 
     
 
       
Income from continuing operations before income taxes and equity earnings
    59  
 
       
Add:
       
Fixed charges:
       
Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a)
    336  
Rental expense representative of interest factor
    7  
 
     
Total fixed charges
    343  
 
       
Distributed income of equity-method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees
    24  
 
       
Less:
       
Capitalized interest
    (30 )
 
     
 
       
Total earnings as adjusted
  $ 396  
 
     
 
       
Fixed charges
  $ 343  
 
     
 
       
Ratio of earnings to fixed charges
    1.15  
 
     
 
(a)   Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included in provision for income taxes in our Consolidated Statement of Operations.