Attached files
file | filename |
---|---|
EX-5.1.2 - EX-5.1.2 - CSX CORP | d385547dex512.htm |
EX-5.1.1 - EX-5.1.1 - CSX CORP | d385547dex511.htm |
EX-4.2 - EX-4.2 - CSX CORP | d385547dex42.htm |
EX-4.1 - EX-4.1 - CSX CORP | d385547dex41.htm |
EX-1.1 - EX-1.1 - CSX CORP | d385547dex11.htm |
8-K - FORM 8-K - CSX CORP | d385547d8k.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
CSX Corporation
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
For the Three Months Ended Mar. 31, 2017 |
For the Fiscal Years Ended | |||||||||||||||||||||||
Dec. 30, 2016 |
Dec. 25, 2015 |
Dec. 26, 2014 |
Dec. 27, 2013 |
Dec. 28, 2012 |
||||||||||||||||||||
EARNINGS: |
||||||||||||||||||||||||
Earnings before Income Taxes |
$ | 582 | $ | 2,741 | $ | 3,138 | $ | 3,044 | $ | 2,922 | $ | 2,971 | ||||||||||||
Interest Expense |
137 | 578 | 544 | 545 | 561 | 566 | ||||||||||||||||||
Amortization of debt discount |
(1 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | ||||||||||||
Interest Portion of Fixed Rent |
3 | 12 | 14 | 21 | 26 | 27 | ||||||||||||||||||
Undistributed Earnings of Unconsolidated Subsidiaries |
(13 | ) | (51 | ) | (42 | ) | (43 | ) | (42 | ) | (29 | ) | ||||||||||||
Earnings, as Adjusted |
$ | 709 | $ | 3,278 | $ | 3,650 | $ | 3,564 | $ | 3,464 | $ | 3,532 | ||||||||||||
FIXED CHARGES: |
||||||||||||||||||||||||
Interest Expense |
$ | 137 | $ | 578 | $ | 544 | $ | 545 | $ | 561 | $ | 566 | ||||||||||||
Capitalized Interest |
6 | 25 | 26 | 26 | 21 | 20 | ||||||||||||||||||
Amortization of debt discount |
(1 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | ||||||||||||
Interest Portion of Fixed Rent |
3 | 12 | 14 | 21 | 26 | 27 | ||||||||||||||||||
Fixed Charges |
$ | 146 | $ | 613 | $ | 581 | $ | 590 | $ | 606 | $ | 610 | ||||||||||||
Ratio of Earnings to Fixed Charges |
4.9 | x | 5.3 | x | 6.3 | x | 6.0 | x | 5.7 | x | 5.8 | x |