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EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS FROM CONTINUING
OPERATIONS TO FIXED CHARGES
(Unaudited)

	Years Ended December 31:
(Dollars in millions)
	2006		2005		2004		2003		2002
Income from continuing operations before income taxes(1)	$	13,322	$	12,236	$	10,546	$	9,406	$	5,895
Add:
Fixed charges, excluding capitalized interest		1,391		1,188		1,048		1,121		1,237
Income as adjusted before income taxes	$	14,713	$	13,424	$	11,594	$	10,527	$	7,132
Fixed charges:
Interest expense	$	970	$	745	$	567	$	648	$	778
Capitalized interest		11		16		4		15		35
Portion of rental expense representative of interest		421		443		481		473		459
Total fixed charges		1,402	$	1,204	$	1,052	$	1,136	$	1,272
Ratio of income from continuing operations to fixed charges		10.5		11.1		11.0		9.3		5.6

(1)

Income from continuing operations before income taxes excludes (a) amortization of capitalized interest and (b) the company's share in the income and losses of less-than-fifty percent owned affiliates.

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EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES (Unaudited)