EXHIBIT 12.

Computation of Earnings to Fixed Charges

Ratio of Earnings to Fixed Charges:

	Year Ended December 31,
Dollars in Millions	2012		2011		2010		2009		2008
Earnings
Earnings from continuing operations before income taxes	$	2,340	$	6,981	$	6,071	$	5,602	$	4,776
Less:
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges		844		2,323		2,074		1,717		1,444
Equity in net income of affiliates		183		281		313		550		617
Capitalized interest		—		—		8		13		21
Income adjusted for equity income		1,313		4,377		3,676		3,322		2,694
Add:
Fixed charges		227		190		201		242		387
Distributed income of equity investments		229		283		313		550		590
Total Earnings	$	1,769	$	4,850	$	4,190	$	4,114	$	3,671
Fixed Charges
Interest expense	$	182	$	145		145	$	184	$	310
Capitalized interest		—		—		8		13		21
One-third of rental expense(1)		45		45		48		45		56
Total Fixed Charges	$	227	$	190	$	201	$	242	$	387
Ratio of Earnings to Fixed Charges		7.79		25.53		20.85		17.00		9.49

(1) Rents included in the computation consist of one-third of rental expense which the Company believes to be a reasonable estimate of an interest factor in its leases.

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