EX-12 3 a08-11202_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, 2008

 

Net Earnings

 

$

938

 

Add (deduct):

 

 

 

Taxes on earnings

 

223

 

Capitalized interest cost, net of amortization

 

4

 

Minority interest

 

2

 

 

 

 

 

Earnings from Operations as adjusted

 

1,167

 

 

 

 

 

Fixed Charges:

 

 

 

Interest on long-term and short-term debt

 

143

 

Capitalized interest cost

 

(1

)

Rental expense representative of an interest factor

 

15

 

 

 

 

 

Total Fixed Charges

 

157

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

1,324

 

 

 

 

 

Ratio of earnings to fixed charges

 

8.4

 

 

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