EX-12 4 a2217495zex-12.htm EX-12
QuickLinks -- Click here to rapidly navigate through this document


EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(Unaudited)

 
   Years Ended December 31:  
(Dollars in millions)
  2013   2012   2011   2010   2009  

Income before income taxes(1)

   $ 19,539   $ 21,914   $ 21,012   $ 19,737   $ 18,159  

Add:

                                

Fixed charges, excluding capitalized interest

     1,575     1,593     1,576     1,499     1,667  
                       

Income as adjusted before income taxes

   $ 21,114   $ 23,507   $ 22,588   $ 21,236   $ 19,826  
                       

Fixed charges:

                                

Interest expense

   $ 989   $ 1,004   $ 964   $ 923   $ 1,108  

Capitalized interest

     22     18     9     5     13  

Portion of rental expense representative of interest

     586     589     612     576     559  
                       

Total fixed charges

   $ 1,597   $ 1,611   $ 1,585   $ 1,504   $ 1,680  
                       

Ratio of income to fixed charges

     13.2     14.6     14.3     14.1     11.8  
(1)
Income 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.



QuickLinks

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)