EX-12 2 a07-10641_1ex12.htm EX-12

Exhibit 12

Abbott Laboratories

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(dollars in millions except ratio)

 

 

Three Months Ended

 

 

 

March 31, 2007

 

Earnings from Continuing Operations

 

$

641

 

Add (deduct):

 

 

 

Taxes on earnings from continuing operations

 

130

 

Capitalized interest cost, net of amortization

 

(4

)

Minority interest

 

2

 

 

 

 

 

Earnings from Continuing Operations as adjusted

 

769

 

 

 

 

 

Fixed Charges:

 

 

 

Interest on long-term and short-term debt

 

148

 

Capitalized interest cost

 

9

 

Rental expense representative of an interest factor

 

18

 

 

 

 

 

Total Fixed Charges

 

175

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

944

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.4

 

 

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