EX-12 9 a2230875zex-12.htm EX-12
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Exhibit 12

Abbott Laboratories
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)

 
  2016   2015   2014   2013   2012  

EARNINGS FROM CONTINUING OPERATIONS

  $ 1,063   $ 2,606   $ 1,721   $ 1,988   $ 237  (a)

ADD (DEDUCT)

   
 
   
 
   
 
   
 
   
 
 

Taxes on earnings from continuing operations

    350     577     797     53     (457 )

Amortization of capitalized interest, net of capitalized interest

    (8 )   (3 )   (3 )   (6 )   (3 )

Noncontrolling interest

    20     17     13     13     12  

EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED

  $ 1,425   $ 3,197   $ 2,528   $ 2,048   $ (211 )

FIXED CHARGES

                               

Interest on long-term and short-term debt

    431     163     150     145     320  

Capitalized interest cost

    22     15     13     15     12  

Rental expense representative of an interest factor

    97     85     87     90     100  

TOTAL FIXED CHARGES

  $ 550   $ 263   $ 250   $ 250   $ 432  

TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES

  $ 1,975   $ 3,460   $ 2,778   $ 2,298   $ 221  

RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES

    3.6     13.1     11.1     9.2     0.5  

(a)
2012 includes $1,351 million for the net loss on extinguishment of debt.

NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings from continuing operations for taxes on earnings from continuing operations; interest expense; amortization of capitalized interest, net of capitalized interest; noncontrolling interests; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.




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Abbott Laboratories Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions)