EX-12.(A) 2 d612281dex12a.htm EX-12.(A) EX-12.(a)

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,

    2013      2012  

Fixed charges:

      

Interest expense including

      

amortization of debt discount

    $ 137       $ 137   

Portion of rentals representing an interest factor

      31         29   

 

Total fixed charges

    $ 168       $ 166   
                   

Earnings available for fixed charges:

      

Net income

    $     1,151       $     1,042   

Equity earnings net of distributions

      (21)         (18)   

Income taxes

      701         635   

Fixed charges

      168         166   

 

Earnings available for fixed charges

    $ 1,999       $ 1,825   
                   

Ratio of earnings to fixed charges

      11.9         11.0   
                   

 

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