EX-12 2 d249025dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

The Williams Companies, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

     Nine months  ended
September 30, 2011		  
     (Millions)  

Earnings:

   

Income from continuing operations before income taxes

    $ 1,233  

Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees

      (44 ) 
  

 

 

  

Income from continuing operations before income taxes and equity earnings

      1,189  

Add:

   

Fixed charges:

   

Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a)

      493  

Rental expense representative of interest factor

      10  
  

 

 

  

Total fixed charges

      503  

Distributed income of equity-method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees

      40  

Less:

   

Capitalized interest

      (29 ) 
  

 

 

  

Total earnings as adjusted

    $ 1,703  
  

 

 

  

Fixed charges

    $ 503  
  

 

 

  

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.