EX-12 3 a2182445zex-12.htm EX-12
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Exhibit 12

Abbott Laboratories
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)

 
  2007
  2006
  2005
  2004
  2003
EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT)   $ 3,606   $ 1,717   $ 3,372   $ 3,176   $ 2,505
Taxes on earnings from continuing operations     863     559     1,248     950     882
Amortization of capitalized interest, net of capitalized interest     (25 )   (28 )   (16 )   5     11
Minority interest     9     8     9     11     11
   
 
 
 
 
EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED   $ 4,453   $ 2,256   $ 4,613   $ 4,142   $ 3,409
   
 
 
 
 
FIXED CHARGES Interest on long-term and short-term debt     593     416     241     200     188
Capitalized interest cost     42     43     29     9     5
Rental expense representative of an interest factor     69     66     64     59     59
   
 
 
 
 
TOTAL FIXED CHARGES     704     525     334     268     252
   
 
 
 
 
TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES   $ 5,157   $ 2,781   $ 4,947   $ 4,410   $ 3,661
   
 
 
 
 
RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES     7.3     5.3     14.8     16.5     14.5
   
 
 
 
 

NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings from continuing operations for taxes on earnings from continuing operations; interest expense; amortization of capitalized interest, net of capitalized interest; 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.




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Abbott Laboratories Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions)