ABBOTT LABORATORIES - FORM 10-K - EX-12 - February 16, 2018

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EX-32.2 - EX-32.2 - ABBOTT LABORATORIESa2234264zex-32_2.htm
EX-32.1 - EX-32.1 - ABBOTT LABORATORIESa2234264zex-32_1.htm
EX-31.2 - EX-31.2 - ABBOTT LABORATORIESa2234264zex-31_2.htm
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EX-23.1 - EX-23.1 - ABBOTT LABORATORIESa2234264zex-23_1.htm
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EX-10.89 - EX-10.89 - ABBOTT LABORATORIESa2234264zex-10_89.htm
EX-10.88 - EX-10.88 - ABBOTT LABORATORIESa2234264zex-10_88.htm
EX-10.83 - EX-10.83 - ABBOTT LABORATORIESa2234264zex-10_83.htm
EX-10.2 - EX-10.2 - ABBOTT LABORATORIESa2234264zex-10_2.htm
10-K - 10-K - ABBOTT LABORATORIESa2234264z10-k.htm

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Exhibit 12

Abbott Laboratories
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)

 
   2017   2016   2015   2014   2013  

EARNINGS FROM CONTINUING OPERATIONS

   $ 353   $ 1,063   $ 2,606   $ 1,721   $ 1,988  

ADD (DEDUCT)

    
 		    
 		    
 		    
 		    
 		  

Taxes on earnings from continuing operations              

     1,878     350     577     797     53  

Amortization of capitalized interest, net of capitalized interest

     (11 )   (8 )   (3 )   (3 )   (6 )

Noncontrolling interest

     25     20     17     13     13  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED

   $ 2,245   $ 1,425   $ 3,197   $ 2,528   $ 2,048  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FIXED CHARGES

                                

Interest on long-term and short-term debt

     904     431     163     150     145  

Capitalized interest cost

     27     22     15     13     15  

Rental expense representative of an interest factor

     112     97     85     87     90  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

TOTAL FIXED CHARGES

   $ 1,043   $ 550   $ 263   $ 250   $ 250  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES

   $ 3,288   $ 1,975   $ 3,460   $ 2,778   $ 2,298  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES

     3.2     3.6     13.1     11.1     9.2  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
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NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings from continuing operations for taxes on earnings from continuing operations; interest expense; amortization of capitalized interest, net of capitalized interest; 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.



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