EX-12 2 a18-8658_1ex12.htm EX-12

Exhibit 12

 

Abbott Laboratories and Subsidiaries

 

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

 

(dollars in millions)

 

 

 

Three Months Ended

 

 

 

March 31, 2018

 

Earnings from Continuing Operations

 

$

409

 

Add (deduct):

 

 

 

Taxes on earnings

 

22

 

Capitalized interest cost, net of amortization

 

(4

)

Noncontrolling interests

 

7

 

 

 

 

 

Earnings from Continuing Operations, as adjusted

 

434

 

 

 

 

 

Fixed Charges:

 

 

 

Interest on long-term and short-term debt

 

227

 

Capitalized interest cost

 

7

 

Rental expense representative of an interest factor

 

32

 

 

 

 

 

Total Fixed Charges

 

266

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

700

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.6

 

 

NOTE:   For the purpose of calculating this ratio, (i) earnings from continuing operations 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.

 

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