Attached files
| file | filename |
|---|---|
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201806jun3010qexhibit322.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201806jun3010qexhibit321.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201806jun3010qexhibit312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201806jun3010qexhibit311.htm |
| EX-15 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING CO | a201806jun3010qexhibit15.htm |
| EX-10.2 - SUPPLEMENTAL BENEFIT PLAN FOR EMPLOYEES - BOEING CO | a201806jun3010qexhibit102.htm |
| EX-10.1 - DEFERRED COMPENSATION PLAN FOR EMPLOYEES - BOEING CO | a201806jun3010qexhibit101.htm |
| 10-Q - 10-Q - BOEING CO | a201806jun3010-q.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
The Boeing Company and Subsidiaries
(Dollars in millions)
Six months ended | Years ended December 31, | ||||||||||||||
June 30, 2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||
Earnings before income taxes (1) | $5,425 | $10,107 | $5,783 | $7,155 | $7,137 | ||||||||||
Fixed charges excluding capitalized interest | 270 | 486 | 422 | 391 | 455 | ||||||||||
Amortization of previously capitalized interest | 48 | 96 | 106 | 90 | 72 | ||||||||||
Net adjustment for earnings from affiliates | 35 | 14 | 11 | (34 | ) | 7 | |||||||||
Earnings available for fixed charges | $5,778 | $10,703 | $6,322 | $7,602 | $7,671 | ||||||||||
Fixed charges: | |||||||||||||||
Interest and debt expense(2) | $244 | $430 | $365 | $339 | $402 | ||||||||||
Interest capitalized during the period | 42 | 110 | 170 | 158 | 102 | ||||||||||
Rentals deemed representative of an interest factor | 26 | 56 | 57 | 52 | 53 | ||||||||||
Total fixed charges | $312 | $596 | $592 | $549 | $557 | ||||||||||
Ratio of earnings to fixed charges | 18.5 | 18.0 | 10.7 | 13.8 | 13.8 | ||||||||||
(1) | We adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) on January 1, 2018, using the full retrospective method. 2017 and 2016 amounts have been adjusted to conform with the current year presentation. Amounts prior to 2016 have not been adjusted. See Note 1 – Basis of Presentation and and Note 2 - Impact of Adoption of New Standards of the Notes to the Condensed Consolidated Financial Statements for more information. |
(2) | Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Financial Statements. |