EX-12 3 h40540exv12.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)
                 
    Nine Months Ended  
    September 30,  
    2006     2005  
 
                
Income before income taxes, losses in equity investments and minority interests
   $ 1,204     $ 868  
 
            
Fixed charges deducted from income:
                
Interest expense
     412       369  
Implicit interest in rents
     37       38  
 
            
 
     449       407  
 
            
Earnings available for fixed charges
   $ 1,653     $ 1,275  
 
            
 
                
Interest expense
   $ 412     $ 369  
Capitalized interest
     11       4  
Implicit interest in rents
     37       38  
 
            
Total fixed charges
   $ 460     $ 411  
 
            
Ratio of earnings to fixed charges
     3.6x       3.1x