EX-12.1 2 hal-9302012xex121.htm STATEMENT REGARDING THE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. HAL-9.30.2012-Ex 12.1


    
EXHIBIT 12.1


HALLIBURTON COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Millions of dollars, except ratios)


 
Nine
Months
Ended
September 30,
Year Ended December 31
 
2012
2011
2010
2009
2008
2007
Earnings available for fixed charges:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
2,923

$
4,449

$
2,655

$
1,682

$
3,849

$
3,447

Add:
 
 
 
 
 
 
Distributed earnings from equity in unconsolidated affiliates
3

13

13

17

30

43

Fixed charges
317

384

402

361

232

222

Subtotal
3,243

4,846

3,070

2,060

4,111

3,712

Less:
 
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
8

20

20

16

50

57

Total earnings available for fixed charges
$
3,235

$
4,826

$
3,050

$
2,044

$
4,061

$
3,655

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
Interest expense
$
230

$
268

$
308

$
297

$
167

$
168

Rental expense representative of interest
87

116

94

64

65

54

Total fixed charges
$
317

$
384

$
402

$
361

$
232

$
222

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
10.2

12.6

7.6

5.7

17.5

16.5