Attached files

file filename
EX-32 - EX-32 - UNION PACIFIC CORPunp-20170630xex32.htm
EX-31.(B) - EX-31.(B) - UNION PACIFIC CORPunp-20170630xex31_b.htm
EX-31.(A) - EX-31.(A) - UNION PACIFIC CORPunp-20170630xex31_a.htm
EX-12.(A) - EX-12.(A) - UNION PACIFIC CORPunp-20170630xex12_a.htm
10-Q - 10-Q - UNION PACIFIC CORPunp-20170630x10q.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,

2017  2016 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

351 

$

340 

  Portion of rentals representing an interest factor

 

38 

 

40 

Total fixed charges

$

389 

$

380 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

2,240 

$

1,958 

  Equity earnings net of distributions

 

(16)

 

(29)

  Income taxes

 

1,317 

 

1,172 

  Fixed charges

 

389 

 

380 

Earnings available for fixed charges

$

3,930 

$

3,481 

Ratio of earnings to fixed charges

 

10.1 

 

9.2 



















































































38