EX-12.(A) 3 unp-20170930xex12_a.htm EX-12.(A) EX-12 (A)

Exhibit 12(a)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Three Months Ended September 30,

 2017  2016 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

 180 

$

 184 

  Portion of rentals representing an interest factor

 

 19 

 

 24 

Total fixed charges

$

 199 

$

 208 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

 1,194 

$

 1,131 

  Equity earnings net of distributions

 

 (38)

 

 (28)

  Income taxes

 

 789 

 

 674 

  Fixed charges

 

 199 

 

 208 

Earnings available for fixed charges

$

 2,144 

$

 1,985 

Ratio of earnings to fixed charges

 

 10.8 

 

 9.5