EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(dollars in millions)    Six Months Ended
June 30, 2010		  

Earnings:

   

Income before provision for income taxes

    $ 5,347   

Equity in earnings of unconsolidated businesses

      (254 ) 

Dividends from unconsolidated businesses

      27   

Interest expense (1)

      1,359   

Portion of rent expense representing interest

      435   

Amortization of capitalized interest

      68   
        

Earnings, as adjusted

    $     6,982   
        

Fixed Charges:

   

Interest expense (1)

    $ 1,359   

Portion of rent expense representing interest

      435   

Capitalized interest

      456   
        

Fixed Charges

    $ 2,250   
        

Ratio of earnings to fixed charges

      3.10   
        

(1) We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges.