EX-12.1 2 hal_06302014-ex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES HAL_06.30.2014-Ex 12.1


    
Exhibit 12.1


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


 
Six
Months
Ended
June 30,
2014

Year Ended December 31
 
 
2013
2012
2011
2010
2009
Earnings available for fixed charges:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
1,922

$
2,764

$
3,822

$
4,449

$
2,655

$
1,682

Add:
 
 
 
 
 
 
Distributed earnings from equity in unconsolidated affiliates
4

19

4

13

13

17

Fixed charges
280

511

445

384

402

361

Subtotal
2,206

3,294

4,271

4,846

3,070

2,060

Less:
 
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
11

9

14

20

20

16

Total earnings available for fixed charges
$
2,195

$
3,285

$
4,257

$
4,826

$
3,050

$
2,044

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
Interest expense
$
194

$
339

$
305

$
268

$
308

$
297

Rental expense representative of interest
86

172

140

116

94

64

Total fixed charges
$
280

$
511

$
445

$
384

$
402

$
361

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
7.8

6.4

9.6

12.6

7.6

5.7