EX-12 8 a2222655zex-12.htm EX-12
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Exhibit 12

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

 
   2014   2013   2012   2011   2010  

EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT)

   $ 1,721   $ 1,988   $ 237   $ 676   $ 120  

Taxes on earnings from continuing operations

     797     53     (457 )   (20 )   241  

Amortization of capitalized interest, net of capitalized interest

     (3 )   (6 )   (3 )   (2 )   —  

Noncontrolling interest

     13     13     12     10     9  
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EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED

   $ 2,528   $ 2,048   $ (211 ) $ 664   $ 370  
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FIXED CHARGES

                                

Interest on long-term and short-term debt

     150     145     320     326     520  

Capitalized interest cost

     13     15     12     10     8  

Rental expense representative of an interest factor

     87     90     100     96     86  
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TOTAL FIXED CHARGES

   $ 250   $ 250   $ 432   $ 432   $ 614  
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TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES

   $ 2,778   $ 2,298   $ 221   $ 1,096   $ 984  
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RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES

     11.1     9.2     0.5     2.5     1.6  
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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)