EX-12.(B) 4 d244278dex12b.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE NINE MONTHS Ratio of Earnings to Fixed Charges for the Nine Months

Exhibit 12(b)

RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies

 

Millions, Except for Ratios

for the Nine Months Ended September 30,

    2011      2010  

Fixed charges:

      

Interest expense including

      

amortization of debt discount

    $ 431       $ 460   

Portion of rentals representing an interest factor

      101         102   

 

Total fixed charges

    $ 532       $ 562   
                   

Earnings available for fixed charges:

      

Net income

    $ 2,328       $ 2,005   

Equity earnings net of distributions

      (28)         (38)   

Income taxes

      1,406         1,248   

Fixed charges

      532         562   

 

Earnings available for fixed charges

    $   4,238       $   3,777   
                   

 

Ratio of earnings to fixed charges

      8.0         6.7   
                   

 

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