EX-12 2 d228887dex12.htm EX-12 EX-12

EXHIBIT (12)

Computation of Ratio of Earnings to Fixed Charges

The Boeing Company and Subsidiaries

(Dollars in millions)

 

      Nine months
ended
September 30,
2011		     Years ended December 31,  
     2010     2009     2008     2007     2006  

Earnings before federal taxes on income

    $ 3,949      $ 4,507      $ 1,731      $ 3,995      $ 6,118      $ 3,194   

Fixed charges excluding capitalized interest

      505        726        564        492        557        636   

Amortization of previously capitalized interest

      40        60        61        50        58        51   

Net adjustment for earnings from affiliates

      (16 )      (11 )      (10 )      (10 )      (28 )      (12 ) 

 

  

Earnings available for fixed charges

    $ 4,478      $ 5,282      $ 2,346      $ 4,527      $ 6,705      $ 3,869   

 

  

Fixed charges:

             

Interest and debt expense (1)

    $ 468      $ 676      $ 514      $ 425      $ 491      $ 593   

Interest capitalized during the period

      42        48        90        99        117        110   

Rentals deemed representative of an interest factor

      37        50        50        67        66        43   

 

  

Total fixed charges

    $ 547      $ 774      $ 654      $ 591      $ 674      $ 746   

 

  

Ratio of earnings to fixed charges

      8.2        6.8        3.6        7.7        9.9        5.2   

 

  

 

(1)   

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