EX-12 2 a12-7133_1ex12.htm EX-12

Exhibit 12

 

Abbott Laboratories

 

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

 

(dollars in millions)

 

 

 

ThreeMonths Ended

 

 

 

March 31, 2012

 

Net Earnings

 

$

1,242

 

Add (deduct):

 

 

 

Taxes on earnings

 

271

 

Capitalized interest cost, net of amortization

 

5

 

Noncontrolling interests

 

2

 

 

 

 

 

Earnings from Operations, as adjusted

 

1,520

 

 

 

 

 

Fixed Charges:

 

 

 

Interest on long-term and short-term debt

 

127

 

Capitalized interest cost

 

6

 

Rental expense representative of an interest factor

 

33

 

 

 

 

 

Total Fixed Charges

 

166

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

1,686

 

 

 

 

 

Ratio of earnings to fixed charges

 

10.2

 

 

NOTE:  For the purpose of calculating this ratio, (i) earnings have been calculated by adjusting earnings for taxes on earnings; interest expense; capitalized interest cost, net of amortization; 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.