EX-12 5 c64705exv12.htm EX-12 exv12
Exhibit 12
The Williams Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
         
    Six months ended  
    June 30, 2011  
    (Millions)  
Earnings:
        
Income from continuing operations before income taxes
   $ 831  
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees
     (29 )
 
      
 
        
Income from continuing operations before income taxes and equity earnings
     802  
 
        
Add:
        
Fixed charges:
        
Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a)
     332  
Rental expense representative of interest factor
     7  
 
      
Total fixed charges
     339  
 
        
Distributed income of equity-method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees
     25  
 
        
Less:
        
Capitalized interest
     (18 )
 
      
 
        
Total earnings as adjusted
   $ 1,148  
 
      
 
        
Fixed charges
   $ 339  
 
      
 
        
Ratio of earnings to fixed charges
     3.39  
 
      
 
(a)   Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included in provision (benefit) for income taxes in our Consolidated Statement of Operations.