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


Six Months Ended 
 


June 30, 2018 
 
Earnings from Continuing Operations 

$ 
1,127 

Add (deduct): 


 
Taxes on earnings 

81 
 
Capitalized interest cost, net of amortization 

(7 
)  
Noncontrolling interests 

13 
 



 
Earnings from Continuing Operations, as adjusted 

1,214 
 



 
Fixed Charges: 


 
Interest on longterm and shortterm debt 

437 
 
Capitalized interest cost 

16 
 
Rental expense representative of an interest factor 

66 
 



 
Total Fixed Charges 

519 
 



 
Total adjusted earnings available for payment of fixed charges 

$ 
1,733 




 
Ratio of earnings to fixed charges 

3.3 

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 onethird 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.