EX-12 34 a2218043zex-12.htm EX-12
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Exhibit 12

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

 
   2013   2012   2011   2010   2009  

EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT)

   $ 2,383   $ 579   $ 1,126   $ 281   $ 975  

Taxes on earnings from continuing operations

     138     (274 )   110     355     51  

Amortization of capitalized interest, net of capitalized interest

     (7 )   (3 )   (2 )   —     (3 )

Noncontrolling interest

     13     12     10     9     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED

   $ 2,527   $ 314   $ 1,244   $ 645   $ 1,023  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FIXED CHARGES

                                

Interest on long-term and short-term debt

     157     347     359     375     352  

Capitalized interest cost

     17     13     11     8     10  

Rental expense representative of an interest factor

     96     106     102     92     77  
                       
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TOTAL FIXED CHARGES

     270     466     472     475     439  
                       
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TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES

   $ 2,797   $ 780   $ 1,716   $ 1,120   $ 1,462  
                       
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​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES

     10.4     1.7     3.6     2.4     3.3  
                       
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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)