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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)
	2007		2006		2005		2004		2003
Income from continuing operations before income taxes(1)	$	14,492	$	13,322	$	12,236	$	10,546	$	9,406
Add:
Fixed charges, excluding capitalized interest		1,877		1,391		1,188		1,048		1,121
Income as adjusted before income taxes	$	16,369	$	14,713	$	13,424	$	11,594	$	10,527
Fixed charges:
Interest expense	$	1,422	$	970	$	745	$	567	$	648
Capitalized interest		9		11		16		4		15
Portion of rental expense representative of interest		455		421		443		481		473
Total fixed charges	$	1,886	$	1,402	$	1,204	$	1,052	$	1,136
Ratio of income from continuing operations to fixed charges		8.7		10.5		11.1		11.0		9.3

(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)