Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | a16-17246_110q.htm |
| EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | a16-17246_1ex32d2.htm |
| EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | a16-17246_1ex32d1.htm |
| EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | a16-17246_1ex31d2.htm |
| EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | a16-17246_1ex31d1.htm |
| EX-11 - EX-11 - INTERNATIONAL BUSINESS MACHINES CORP | a16-17246_1ex11.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF INCOME FROM
CONTINUING OPERATIONS TO FIXED CHARGES
FOR NINE MONTHS ENDED SEPTEMBER 30,
(UNAUDITED)
|
(Dollars in millions) |
|
2016 |
|
2015 |
| ||
|
Income from continuing operations before income taxes (1) |
|
$ |
7,348 |
|
$ |
10,854 |
|
|
|
|
|
|
|
| ||
|
Add: fixed charges, excluding capitalized interest |
|
1,241 |
|
1,085 |
| ||
|
|
|
|
|
|
| ||
|
Income as adjusted before income taxes |
|
$ |
8,589 |
|
$ |
11,939 |
|
|
|
|
|
|
|
| ||
|
Fixed charges: |
|
|
|
|
| ||
|
Interest expense |
|
$ |
904 |
|
$ |
747 |
|
|
Capitalized interest |
|
3 |
|
(1 |
) | ||
|
Portion of rental expense representative of interest |
|
337 |
|
338 |
| ||
|
|
|
|
|
|
| ||
|
Total fixed charges |
|
$ |
1,244 |
|
$ |
1,084 |
|
|
|
|
|
|
|
| ||
|
Ratio of income from continuing operations to fixed charges |
|
6.90 |
|
11.02 |
| ||
(1) Income from continuing operations before income taxes excludes (a) amortization of capitalized interest, and (b) the company’s share in the income and losses of less-than-fifty percent-owned affiliates.