EX-12 3 a14-19718_1ex12.htm EX-12

Exhibit 12

 

Abbott Laboratories and Subsidiaries

 

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

 

(dollars in millions)

 

 

 

Nine Months Ended

 

 

 

September 30, 2014

 

Earnings from Continuing Operations

 

$

1,089

 

Add (deduct):

 

 

 

Taxes on earnings from continuing operations

 

627

 

Capitalized interest cost, net of amortization

 

1

 

Noncontrolling interests

 

10

 

 

 

 

 

Earnings from Continuing Operations, as adjusted

 

1,727

 

 

 

 

 

Fixed Charges:

 

 

 

Interest on long-term and short-term debt

 

107

 

Capitalized interest cost

 

10

 

Rental expense representative of an interest factor

 

64

 

 

 

 

 

Total Fixed Charges

 

181

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

1,908

 

 

 

 

 

Ratio of earnings to fixed charges

 

10.5

 

 

NOTE:          For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings for taxes on earnings from continuing operations; 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.