Attached files
| file | filename |
|---|---|
| EX-5.1.2 - EX-5.1.2 - CSX CORP | d527232dex512.htm |
| EX-5.1.1 - EX-5.1.1 - CSX CORP | d527232dex511.htm |
| EX-4.4 - EX-4.4 - CSX CORP | d527232dex44.htm |
| EX-4.3 - EX-4.3 - CSX CORP | d527232dex43.htm |
| EX-4.2 - EX-4.2 - CSX CORP | d527232dex42.htm |
| EX-4.1 - EX-4.1 - CSX CORP | d527232dex41.htm |
| EX-1.1 - EX-1.1 - CSX CORP | d527232dex11.htm |
| 8-K - FORM 8-K - CSX CORP | d527232d8k.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 Fiscal Years Ended | ||||||||||||||||||||
| Dec. 31, 2017 |
Dec. 30, 2016 |
Dec. 25, 2015 |
Dec. 26, 2014 |
Dec. 27, 2013 |
||||||||||||||||
| EARNINGS: |
||||||||||||||||||||
| Earnings before Income Taxes |
$ | 3,142 | $ | 2,741 | $ | 3,138 | $ | 3,044 | $ | 2,922 | ||||||||||
| Interest Expense |
546 | 578 | 544 | 545 | 561 | |||||||||||||||
| Amortization of debt discount |
(3 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | ||||||||||
| Interest Portion of Fixed Rent |
12 | 12 | 14 | 21 | 26 | |||||||||||||||
| Undistributed Earnings of Unconsolidated Subsidiaries |
(207 | ) | (51 | ) | (42 | ) | (43 | ) | (42 | ) | ||||||||||
| Earnings, as Adjusted |
$ | 3,490 | $ | 3,278 | $ | 3,650 | $ | 3,564 | $ | 3,464 | ||||||||||
| FIXED CHARGES: |
||||||||||||||||||||
| Interest Expense |
$ | 546 | $ | 578 | $ | 544 | $ | 545 | $ | 561 | ||||||||||
| Capitalized Interest |
26 | 25 | 26 | 26 | 21 | |||||||||||||||
| Amortization of debt discount |
(3 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | ||||||||||
| Interest Portion of Fixed Rent |
12 | 12 | 14 | 21 | 26 | |||||||||||||||
| Fixed Charges |
$ | 581 | $ | 613 | $ | 581 | $ | 590 | $ | 606 | ||||||||||
| Ratio of Earnings to Fixed Charges |
6.0 | x | 5.3 | x | 6.3 | x | 6.0 | x | 5.7 | x | ||||||||||