EX-12.01 3 a2132554zex-12_01.htm EXHIBIT 12.01
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EXHIBIT 12.01


Statement Regarding Computation of Ratios of Earnings to Fixed Charges

5 Year Ratio of Earnings to Fixed Charges
$ millions

  2003
  Restated 2002
  Restated 2001
  Restated 2000
  Restated 1999
 
Earnings                                
Earnings from continuing operations before minority interest and income taxes   $ 4,694   $ 2,761   $ 2,263   $ 5,263   $ 4,733  
Fixed Charges     361     420     233     148     174  
Capitalized interest, net of amortization     (35 )   (16 )   (16 )   (12 )   (15 )
   
 
 
 
 
 
Total Earnings   $ 5,020   $ 3,165   $ 2,480   $ 5,399   $ 4,892  
   
 
 
 
 
 
Fixed Charges                                
Interest and debt expense   $ 277   $ 364   $ 182   $ 108   $ 130  
Capitalized interest     35     16     16     12     15  
One third of rental expense     49     40     35     28     29  
   
 
 
 
 
 
Total Fixed Charges   $ 361   $ 420   $ 233   $ 148   $ 174  
   
 
 
 
 
 
Ratio of Earnings to Fixed Charges     13.91     7.54     10.64     36.48     28.11  



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Statement Regarding Computation of Ratios of Earnings to Fixed Charges