EX-12.2 3 abbv-20160930xex122.htm EXHIBIT 12.2 Exhibit


Exhibit 12.2


AbbVie Inc.
Computation of Ratio of Earnings to Fixed Charges
(unaudited)

(in millions, except for ratio)
 
Nine months ended September 30, 2016
 
 
 
Year
ended
December 31, 2015
 
 
 
 
 
 
 
 
 
Determination of earnings:
 
 
 
 
 
 
 
     Earnings before income tax
 
$
5,886

 
 
 
$
6,645

 
     Add (deduct):
 
 
 
 
 
 
 
          Fixed charges
 
862

 
 
 
 923

 
          Interest capitalized during period (a)
 
(85
)
 
 
 
(143
)
 
Total earnings as defined
 
$
6,663

 
 
 
$
7,425

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
     Interest expense
 
$
813

 
 
 
$
860

 
     Capitalized interest
 
12

 
 
 
14

 
     Rent expense (b)
 
37

 
 
 
49

 
Total fixed charges
 
$
862

 
 
 
$
923

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.7

 
 
 
8.0

 

(a) Interest capitalized during the period is deducted because fixed charges include all interest, whether capitalized or expensed. Only fixed charges that were deducted from income were included in the earnings computation.

(b) AbbVie considers one-third of rent expense to be a reasonable approximation of the interest factor in its leases.