EX-12 2 h38147exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
WASTE MANAGEMENT, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratios)
(Unaudited)
                 
    Six Months Ended  
    June 30,  
    2006     2005  
Income before income taxes, losses in equity investments and minority interests
   $ 758     $ 601  
 
            
Fixed charges deducted from income:
                
Interest expense
     274       244  
Implicit interest in rents
     25       25  
 
            
 
     299       269  
 
            
Earnings available for fixed charges
   $ 1,057     $ 870  
 
            
 
                
Interest expense
   $ 274     $ 244  
Capitalized interest
     7       2  
Implicit interest in rents
     25       25  
 
            
Total fixed charges
   $ 306     $ 271  
 
            
 
                
Ratio of earnings to fixed charges
     3.5x       3.2x