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EX-12.(A) - EX-12.(A) - UNION PACIFIC CORPunp-20150630ex12aeca4a5.htm
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORPunp-20150630ex31bf86386.htm
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORPunp-20150630ex31a103144.htm
XML - IDEA: XBRL DOCUMENT - UNION PACIFIC CORPR9999.htm
10-Q - 10-Q - UNION PACIFIC CORPunp-20150630x10q.htm
EX-32 - EX-32 - UNION PACIFIC CORPunp-20150630xex32.htm

Exhibit 12(b)

 

RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies

 

 

 

 

 

 

 

 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Six Months Ended June 30,

2015 
2014 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

301 

$

271 

  Portion of rentals representing an interest factor

 

49 

 

54 

Total fixed charges

$

350 

$

325 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

2,355 

$

2,379 

  Equity earnings net of distributions

 

(21)

 

(25)

  Income taxes

 

1,438 

 

1,460 

  Fixed charges

 

350 

 

325 

Earnings available for fixed charges

$

4,122 

$

4,139 

Ratio of earnings to fixed charges

 

11.8 

 

12.7 

 

41