Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - ABBOTT LABORATORIES | a15-11917_1ex31d2.htm |
| EX-31.1 - EX-31.1 - ABBOTT LABORATORIES | a15-11917_1ex31d1.htm |
| EX-32.2 - EX-32.2 - ABBOTT LABORATORIES | a15-11917_1ex32d2.htm |
| EX-32.1 - EX-32.1 - ABBOTT LABORATORIES | a15-11917_1ex32d1.htm |
| 10-Q - 10-Q - ABBOTT LABORATORIES | a15-11917_110q.htm |
Exhibit 12
Abbott Laboratories and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)
|
|
|
Six Months Ended |
| |
|
|
|
June 30, 2015 |
| |
|
Earnings from Continuing Operations |
|
$ |
1,315 |
|
|
Add (deduct): |
|
|
| |
|
Taxes on earnings |
|
324 |
| |
|
Capitalized interest cost, net of amortization |
|
5 |
| |
|
Noncontrolling interests |
|
9 |
| |
|
|
|
|
| |
|
Earnings from Continuing Operations, as adjusted |
|
1,653 |
| |
|
|
|
|
| |
|
Fixed Charges: |
|
|
| |
|
Interest on long-term and short-term debt |
|
81 |
| |
|
Capitalized interest cost |
|
7 |
| |
|
Rental expense representative of an interest factor |
|
42 |
| |
|
|
|
|
| |
|
Total Fixed Charges |
|
130 |
| |
|
|
|
|
| |
|
Total adjusted earnings available for payment of fixed charges |
|
$ |
1,783 |
|
|
|
|
|
| |
|
Ratio of earnings to fixed charges |
|
13.7 |
| |
NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings for taxes on earnings; interest expense; capitalized interest cost, net of amortization; noncontrolling interests; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.