EX-12.(A) 3 d244278dex12a.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE THREE MONTHS Ratio of Earnings to Fixed Charges for the Three Months

Exhibit 12(a)

RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies

 

Millions, Except for Ratios

for the Three Months Ended September 30,

    2011      2010  

Fixed charges:

      

Interest expense including

      

amortization of debt discount

    $ 142       $ 153   

Portion of rentals representing an interest factor

      34         33   

 

Total fixed charges

    $ 176       $ 186   
                   

Earnings available for fixed charges:

      

Net income

    $ 904       $ 778   

Equity earnings net of distributions

      (17)         (23)   

Income taxes

      549         495   

Fixed charges

      176         186   

 

Earnings available for fixed charges

    $   1,612       $   1,436   
                   

 

 

Ratio of earnings to fixed charges

      9.2         7.7   
                   

 

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