Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - BAXTER INTERNATIONAL INC | d848964dex21.htm |
| EX-23 - EX-23 - BAXTER INTERNATIONAL INC | d848964dex23.htm |
| EX-32.1 - EX-32.1 - BAXTER INTERNATIONAL INC | d848964dex321.htm |
| EX-32.2 - EX-32.2 - BAXTER INTERNATIONAL INC | d848964dex322.htm |
| EX-31.1 - EX-31.1 - BAXTER INTERNATIONAL INC | d848964dex311.htm |
| EX-31.2 - EX-31.2 - BAXTER INTERNATIONAL INC | d848964dex312.htm |
| EX-10.16 - EX-10.16 - BAXTER INTERNATIONAL INC | d848964dex1016.htm |
| EXCEL - IDEA: XBRL DOCUMENT - BAXTER INTERNATIONAL INC | Financial_Report.xls |
| 10-K - FORM 10-K - BAXTER INTERNATIONAL INC | d848964d10k.htm |
EXHIBIT 12
Baxter International Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(unaudited — in millions, except ratios)
| Years ended December 31, | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
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| Income from continuing operations before income taxes |
$ | 2,439 | $ | 2,546 | $ | 2,838 | $ | 2,787 | $ | 1,890 | ||||||||||
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| Fixed charges |
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| Interest costs(1) |
237 | 225 | 165 | 132 | 148 | |||||||||||||||
| Estimated interest in rentals(2) |
83 | 71 | 67 | 68 | 61 | |||||||||||||||
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| Fixed charges as defined |
320 | 296 | 232 | 200 | 209 | |||||||||||||||
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| Adjustments to income from continuing operations |
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| Interest costs capitalized |
(70 | ) | (70 | ) | (52 | ) | (40 | ) | (33 | ) | ||||||||||
| Net (gains) losses of less than majority-owned affiliates, net of dividends |
(83 | ) | (24 | ) | 1 | 4 | (1 | ) | ||||||||||||
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| Income from continuing operations as adjusted |
$ | 2,606 | $ | 2,748 | $ | 3,019 | $ | 2,951 | $ | 2,065 | ||||||||||
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| Ratio of earnings from continuing operations to fixed charges |
8.14 | 9.28 | 13.01 | 14.76 | 9.88 | |||||||||||||||
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| (1) | Excludes interest on uncertain tax positions. |
| (2) | Represents the estimated interest portion of rents. |