EX-12.(B) 3 d568045dex12b.htm EX-12.(B) EX-12.(B)

Exhibit 12(b)

RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies

 

 

Millions, Except for Ratios

for the Six Months Ended June 30,

    2013      2012  

Fixed charges:

      

Interest expense including

      

amortization of debt discount

    $ 261      $ 270  

Portion of rentals representing an interest factor

      58        68  

 

Total fixed charges

    $ 319      $ 338  
                   

Earnings available for fixed charges:

      

Net income

    $ 2,063      $ 1,865  

Equity earnings net of distributions

      (17)         (23)   

Income taxes

      1,250        1,136  

Fixed charges

      319        338  

 

Earnings available for fixed charges

    $   3,615      $   3,316  
                   

Ratio of earnings to fixed charges

      11.3        9.8  
                   

 

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