EX-12 8 a2212523zex-12.htm EX-12
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Exhibit 12

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

 
  2012   2011   2010   2009   2008  

EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT)

  $ 5,963   $ 4,728   $ 4,626   $ 5,746   $ 4,734  

Taxes on earnings from continuing operations

    300     470     1,087     1,448     1,122  

Amortization of capitalized interest, net of capitalized interest

    2     20         (4 )   6  

Noncontrolling interest

    12     10     9     7     7  
                       

EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED

  $ 6,277   $ 5,228   $ 5,722   $ 7,197   $ 5,869  
                       

FIXED CHARGES

                               

Interest on long-term and short-term debt

    592     530     553     520     528  

Capitalized interest cost

    19     20     20     23     17  

Rental expense representative of an interest factor

    128     124     110     94     77  
                       

TOTAL FIXED CHARGES

    739     674     683     637     622  
                       

TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES

  $ 7,016   $ 5,902   $ 6,405   $ 7,834   $ 6,491  
                       

RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES

    9.5     8.8     9.4     12.3     10.4  
                       

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; noncontrolling 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)