EX-12.(B) 3 dex12b.htm RATIO OF EARNINGS TO FIXED CHARGES FOR 6 MONTHS ENDED 6/30/2009 Ratio of Earnings to Fixed Charges for 6 months ended 6/30/2009

Exhibit 12(b)

RATIO OF EARNINGS TO FIXED CHARGES

Union Pacific Corporation and Subsidiary Companies (Unaudited)

 

      Six Months Ended
June 30,
Millions of Dollars, Except for Ratios    2009    2008

Fixed charges:

      

Interest expense including amortization of debt discount

    $ 291     $ 254 

Portion of rentals representing an interest factor

      83       114 

Total fixed charges

    $ 374     $ 368 

Earnings available for fixed charges:

      

Net income

    $ 830     $ 974 

Equity earnings net of distributions

      (13)      (26)

Income taxes

      460       535 

Fixed charges

      374       368 

Earnings available for fixed charges

    $ 1,651     $ 1,851 

Ratio of earnings to fixed charges

      4.4       5.0