Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - BRISTOL MYERS SQUIBB CO | bmy-20140930x10q.htm |
| EX-31.B. - SECTION 302 CERTIFICATION LETTER - BRISTOL MYERS SQUIBB CO | bmyex312_20140930.htm |
| EX-31.A. - SECTION 302 CERTIFICATION LETTER - BRISTOL MYERS SQUIBB CO | bmyex31120140930.htm |
| EX-32.A. - SECTION 906 CERTIFICATION LETTER - BRISTOL MYERS SQUIBB CO | bmyex321_20140930.htm |
| EXCEL - IDEA: XBRL DOCUMENT - BRISTOL MYERS SQUIBB CO | Financial_Report.xls |
| EX-32.B. - SECTION 906 CERTIFICATION LETTER - BRISTOL MYERS SQUIBB CO | bmyex322_20140930.htm |
EXHIBIT 12.
Computation of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges: | Nine Months Ended September 30, 2014 | Year Ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Dollars in Millions | |||||||||||||||||||
Earnings | |||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 2,441 | $ | 2,891 | $ | 2,340 | $ | 6,981 | $ | 6,071 | |||||||||
Less: | |||||||||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries | |||||||||||||||||||
that have not incurred fixed charges | 18 | 36 | 844 | 2,323 | 2,074 | ||||||||||||||
Equity in net income of affiliates | 81 | 166 | 183 | 281 | 313 | ||||||||||||||
Capitalized interest | 2 | — | — | — | 8 | ||||||||||||||
Adjusted Income | 2,340 | 2,689 | 1,313 | 4,377 | 3,676 | ||||||||||||||
Add: | |||||||||||||||||||
Fixed charges | 188 | 255 | 227 | 190 | 201 | ||||||||||||||
Distributed income of equity investments | 121 | 149 | 229 | 283 | 313 | ||||||||||||||
Total Earnings | $ | 2,649 | $ | 3,093 | $ | 1,769 | $ | 4,850 | $ | 4,190 | |||||||||
Fixed Charges | |||||||||||||||||||
Interest expense | $ | 150 | $ | 199 | $ | 182 | $ | 145 | $ | 145 | |||||||||
Capitalized interest | 2 | — | — | — | 8 | ||||||||||||||
One-third of rental expense(1) | 36 | 56 | 45 | 45 | 48 | ||||||||||||||
Total Fixed Charges | $ | 188 | $ | 255 | $ | 227 | $ | 190 | $ | 201 | |||||||||
Ratio of Earnings to Fixed Charges | 14.09 | 12.13 | 7.79 | 25.53 | 20.85 | ||||||||||||||
(1) Rents included in the computation consist of one-third of rental expense which the Company believes to be a reasonable estimate of an interest factor in its leases.
E-12-1