Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - WILLIAMS COMPANIES, INC. | Financial_Report.xls |
| EX-32 - EX-32 - WILLIAMS COMPANIES, INC. | wmb_20140930xex32.htm |
| EX-31.1 - EX-31.1 - WILLIAMS COMPANIES, INC. | wmb_20140930xex311.htm |
| EX-31.2 - EX-31.2 - WILLIAMS COMPANIES, INC. | wmb_20140930xex312.htm |
| 10-Q - 10-Q - WILLIAMS COMPANIES, INC. | wmb_20140930x10q.htm |
Exhibit 12
The Williams Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
Nine months ended | |||
September 30, 2014 | |||
(Millions) | |||
Earnings: | |||
Income from continuing operations before income taxes (2) | $ | 3,160 | |
Less: Equity earnings | (55 | ) | |
Income from continuing operations before income taxes and equity losses (2) | 3,105 | ||
Add: | |||
Fixed charges: | |||
Interest incurred (1) | 623 | ||
Rental expense representative of interest factor | 7 | ||
Total fixed charges | 630 | ||
Distributed income of equity-method investees | 286 | ||
Less: | |||
Interest capitalized | (110 | ) | |
Total earnings as adjusted (2) | $ | 3,911 | |
Fixed charges | $ | 630 | |
Ratio of earnings to fixed charges | 6.21 | ||
(1) | Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included in Provision (benefit) for income taxes in our Consolidated Statement of Income. |
(2) | Includes a $2.522 billion non-cash gain in the third quarter of 2014 resulting from remeasuring our previous equity-method investment in ACMP to its preliminary acquisition-date fair value in conjunction with accounting for the ACMP Acquisition. |