EX-7.2 4 ltotal0026k_ex7-2.htm EXHIBIT 7.2

EXHIBIT 7.2

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

 

    Years Ended December 31,
(Amounts in millions of dollars)   2017   2016   2015   2014   2013
Net income(a)     8,631       6,196       5,087       4,244       11,228  
Income tax expenses(a)     3,029       970       1,653       8,614       14,767  
Non-controlling interests     (332 )     10       (301 )     6       293  
Equity in income of affiliates (in excess of)/less than dividends received     42       (643 )     (311 )     29       (775)  
Interest expensed     1,000       734       742       536       656  
Estimate of the interest within rental expense     489       543       477       406       357  
Amortization of capitalized interest     191       161       174       160       135  
Total(a)     13,050       7,971       7,521       13,995       26,661  
Interest expensed     1,000       734       742       536       656  
Capitalized interest     475       481       362       341       349  
Estimate of the interest within rental expense     489       543       477       406       357  
Preference security dividend requirements of consolidated subsidiaries                              
Fixed charges     1,964       1,758       1,581       1,283       1,362  
Ratio of earnings to fixed charges(a)     6.64       4.53       4.76       10.91       19.57  

 

 

 

  (a) Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014.