EX-12.(A) 2 d568045dex12a.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 June 30,

    2013      2012  

Fixed charges:

      

Interest expense including

      

amortization of debt discount

    $ 133       $ 135   

Portion of rentals representing an interest factor

      28         34   

 

Total fixed charges

    $ 161       $ 169   
                   

Earnings available for fixed charges:

      

Net income

    $ 1,106       $ 1,002   

Equity earnings net of distributions

      (16)         (8)   

Income taxes

      662         608   

Fixed charges

      161         169   

 

Earnings available for fixed charges

    $   1,913       $   1,771   
                   

Ratio of earnings to fixed charges

      11.9         10.5   
                   

 

40