BOEING CO - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 8, 2017

Attached files

file	filename
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING CO	a201612dec3110kexhibit23.htm
10-K - 10-K - BOEING CO	a201612dec3110k.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING CO	a201612dec3110kexhibit322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING CO	a201612dec3110kexhibit321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING CO	a201612dec3110kexhibit312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING CO	a201612dec3110qexhibit311.htm
EX-21 - LIST OF COMPANY SUBSIDIARIES - BOEING CO	a201612dec3110kexhibit21.htm
EX-10.XIX(A) - 2003 INCENTIVE STOCK PLAN - BOEING CO	a10xix-2003incentivestockp.htm
EX-10.XVIII - ELBP 2017 - BOEING CO	a10xviii-elbp2017.htm
EX-10.XVI - SBP 2016 - BOEING CO	a10xvi-sbp2016.htm
EX-10.XII - AIP COVERED EMPLOYEES - BOEING CO	a10xii-aip_coveredemployees.htm
EX-10.XI - ICP NON-COVERED EMPLOYEES - BOEING CO	a10xi-icp_nonxcoveredemplo.htm

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

The Boeing Company and Subsidiaries

(Dollars in millions)



	Years ended December 31,
	2016			2015			2014			2013			2012
Earnings before income taxes		$5,568			$7,155			$7,137			$6,232			$5,910
Fixed charges excluding capitalized interest	422			391			455			514			603
Amortization of previously capitalized interest	94			90			72			74			75
Net adjustment for earnings from affiliates	11			(34		)	7			13			69
Earnings available for fixed charges		$6,095			$7,602			$7,671			$6,833			$6,657
Fixed charges:
Interest and debt expense⁽¹⁾		$365			$339			$402			$461			$551
Interest capitalized during the period	170			158			102			87			74
Rentals deemed representative of an interest factor	57			52			53			53			52
Total fixed charges		$592			$549			$557			$601			$677
Ratio of earnings to fixed charges	10.3			13.8			13.8			11.4			9.8


⁽¹⁾	Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Statements of Operations.