EX-12 2 h27311exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
WASTE MANAGEMENT, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratios)
(Unaudited)
                 
    Six Months Ended  
    June 30,  
    2005     2004  
Income before income taxes, cumulative
effect of changes in accounting principles,
losses in equity investments and
minority interests
   $ 601     $ 564  
 
            
Fixed charges deducted from income:
                
Interest expense
     244       232  
Implicit interest in rents
     25       25  
 
            
 
     269       257  
 
            
Earnings available for fixed charges
   $ 870     $ 821  
 
            
 
                
Interest expense
   $ 244     $ 232  
Capitalized interest
     2       10  
Implicit interest in rents
     25       25  
 
            
Total fixed charges
   $ 271     $ 267  
 
            
Ratio of earnings to fixed charges
     3.2 x       3.1 x