EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT (12)

Computation of Ratio of Earnings to Fixed Charges

The Boeing Company and Subsidiaries

(Dollars in millions)

 

     Six months                               
     ended    Years ended December 31,  
      June 30, 2010    2009     2008     2007     2006     2005  

Earnings before federal taxes on income

    $ 2,260    $ 1,731      $ 3,995      $ 6,118      $ 3,194      $ 2,819   

Fixed charges excluding capitalized interest

      359      564        492        557        636        699   

Amortization of previously capitalized interest

      31      61        50        58        51        54   

Net adjustment for earnings from affiliates

      11      (10 )      (10 )      (28 )      (12 )      (9 ) 
   

Earnings available for fixed charges

    $ 2,661    $ 2,346      $ 4,527      $ 6,705      $ 3,869      $ 3,563   
   

Fixed charges:

              

Interest and debt expense(1)

    $ 336    $ 514      $ 425      $ 491      $ 593      $ 653   

Interest capitalized during the period

      26      90        99        117        110        84   

Rentals deemed representative of an interest factor

      23      50        67        66        43        46   
   

Total fixed charges

    $ 385    $ 654      $ 591      $ 674      $ 746      $ 783   
   

Ratio of earnings to fixed charges

      6.9      3.6        7.7        9.9        5.2        4.6   
   

 

(1)  

Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Consolidated Statements of Operations.

 

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