EX-12.B 3 unp-20180630xex12_b.htm EX-12.B EX-12(B)

Exhibit 12(b)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Six Months Ended June 30,

 2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

 389 

$

 351 

  Portion of rentals representing an interest factor

 

 33 

 

 38 

Total fixed charges

$

 422 

$

 389 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

 2,819 

$

 2,240 

  Equity earnings net of distributions

 

 (66)

 

 (16)

  Income taxes

 

 830 

 

 1,317 

  Fixed charges

 

 422 

 

 389 

Earnings available for fixed charges

$

 4,005 

$

 3,930 

Ratio of earnings to fixed charges

 

 9.5 

 

 10.1 



















































































38