Attached files

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EX-32.2 - EXHIBIT 32.2 - AbbVie Inc.abbv-20171231xex322.htm
EX-32.1 - EXHIBIT 32.1 - AbbVie Inc.abbv-20171231xex321.htm
EX-31.2 - EXHIBIT 31.2 - AbbVie Inc.abbv-20171231xex312.htm
EX-31.1 - EXHIBIT 31.1 - AbbVie Inc.abbv-20171231xex311.htm
EX-23 - EXHIBIT 23 - AbbVie Inc.abbv-20171231xex23.htm
EX-21 - EXHIBIT 21 - AbbVie Inc.abbv-20171231xex21.htm
EX-12.1 - EXHIBIT 12.1 - AbbVie Inc.abbv-20171231xex121.htm
EX-10.26 - EXHIBIT 10.26 - AbbVie Inc.abbv-20171231xex1026.htm
EX-10.25 - EXHIBIT 10.25 - AbbVie Inc.abbv-20171231xex1025.htm
10-K - 10-K - AbbVie Inc.abbv-20171231x10k.htm


Exhibit 12.2


AbbVie Inc.
Computation of Ratio of Earnings to Fixed Charges
(unaudited)

(in millions, except for ratio)
 
Year
ended
December 31, 2017
 
Year
ended
December 31, 2016
 
Year
ended
December 31, 2015
 
 
 
 
 
 
 
 
 
Determination of earnings:
 
 
 
 
 
 
 
     Earnings before income tax
 
$
7,727

 
$
7,884

 
$
6,645

 
     Add (deduct):
 
 
 
 
 
 
 
          Fixed charges
 
1,222

 
1,222

 
923

 
          Interest capitalized during period (a)
 
(5
)
 
(112
)
 
(143
)
 
Total earnings as defined
 
$
8,944

 
$
8,994

 
$
7,425

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
     Interest expense
 
$
1,150

 
$
1,155

 
$
860

 
     Capitalized interest
 
16

 
14

 
14

 
     Rent expense (b)
 
56

 
53

 
49

 
Total fixed charges
 
$
1,222

 
$
1,222

 
$
923

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.3

 
7.4

 
8.0

 

(a) Interest capitalized during the period is deducted because fixed charges include all interest, whether capitalized or expensed. Only fixed charges that were deducted from income were included in the earnings computation.

(b) AbbVie considers one-third of rent expense to be a reasonable approximation of the interest factor in its leases.