EX-12 2 a12-13675_1ex12.htm EX-12

Exhibit 12

 

Abbott Laboratories

 

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

 

(dollars in millions)

 

 

 

Six Months Ended

 

 

 

June 30, 2012

 

Net Earnings

 

$

2,967

 

Add (deduct):

 

 

 

Taxes on earnings

 

550

 

Capitalized interest cost, net of amortization

 

10

 

Noncontrolling interests

 

5

 

 

 

 

 

Earnings from Operations, as adjusted

 

3,532

 

 

 

 

 

Fixed Charges:

 

 

 

Interest on long-term and short-term debt

 

254

 

Capitalized interest cost

 

12

 

Rental expense representative of an interest factor

 

63

 

 

 

 

 

Total Fixed Charges

 

329

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

3,861

 

 

 

 

 

Ratio of earnings to fixed charges

 

11.7

 

 

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.