EX-12 5 a2060250zex-12.txt COMPUTATION OF RATIO OF EARNINGS Exhibit 12 Abbott Laboratories Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions except ratios)
Nine Months Ended September 30, 2001 ------------------ Net Earnings ....................................................... $937 Add (deduct): Taxes on earnings ................................................ 151 Minority interest ................................................ 13 ------------------ Net Earnings as adjusted ........................................... $1,101 ================== Fixed Charges: Interest on long-term and short-term debt ........................ 234 Capitalized interest cost ........................................ 14 Rental expense representative of an interest factor .............. 38 ------------------ Total Fixed Charges ................................................ 286 ------------------ Total adjusted earnings available for payment of fixed charges ..... $1,387 ================== Ratio of earnings to fixed charges ................................. 4.8 ==================
NOTE: For the purpose of calculating this ratio, (i) earnings have been calculated by adjusting net earnings for taxes on earnings; interest expense; capitalized interest cost, net of amortization; minority interest; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.