EX-12.1 2 hal_03312014-ex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES HAL_03.31.2014-Ex 12.1


    
Exhibit 12.1


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


 
Three
Months
Ended
March 31,
2014

Year Ended December 31
 
 
2013
2012
2011
2010
2009
Earnings available for fixed charges:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
846

$
2,764

$
3,822

$
4,449

$
2,655

$
1,682

Add:
 
 
 
 
 
 
Distributed earnings from equity in unconsolidated affiliates
—

19

4

13

13

17

Fixed charges
139

511

445

384

402

361

Subtotal
985

3,294

4,271

4,846

3,070

2,060

Less:
 
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
6

9

14

20

20

16

Total earnings available for fixed charges
$
979

$
3,285

$
4,257

$
4,826

$
3,050

$
2,044

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
Interest expense
$
96

$
339

$
305

$
268

$
308

$
297

Rental expense representative of interest
43

172

140

116

94

64

Total fixed charges
$
139

$
511

$
445

$
384

$
402

$
361

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
7.0

6.4

9.6

12.6

7.6

5.7