EX-12 2 h35386exv12.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)
                 
    Three Months Ended  
    March 31,  
    2006     2005  
Income before income taxes, losses in equity investments and minority interests
   $ 310     $ 258  
 
            
Fixed charges deducted from income:
                
Interest expense
     136       116  
Implicit interest in rents
     13       13  
 
            
 
     149       129  
 
            
Earnings available for fixed charges
   $ 459     $ 387  
 
            
 
                
Interest expense
   $ 136     $ 116  
Capitalized interest
     3       3  
Implicit interest in rents
     13       13  
 
            
Total fixed charges
   $ 152     $ 132  
 
            
 
                
Ratio of earnings to fixed charges
     3.0 x     2.9 x