Exhibit 12(a)
RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
Union Pacific Corporation and Subsidiary Companies
Millions, Except for Ratios for the Three Months Ended September 30, | 2010 | 2009 | ||||||
| (Adjusted)* | ||||||||
Fixed charges: | ||||||||
Interest expense including | ||||||||
amortization of debt discount | $ | 153 | $ | 156 | ||||
Portion of rentals representing an interest factor | 33 | 35 | ||||||
Total fixed charges | $ | 186 | $ | 191 | ||||
Earnings available for fixed charges: | ||||||||
Net income | $ | 778 | $ | 514 | ||||
Equity earnings net of distributions | (23) | (12 | ) | |||||
Income taxes | 495 | 305 | ||||||
Fixed charges | 186 | 191 | ||||||
Earnings available for fixed charges
| $ | 1,436 | $ | 998 | ||||
Ratio of earnings to fixed charges
| 7.7 | 5.2 | ||||||
| * | Certain amounts have been adjusted for the retrospective change in accounting principle for rail grinding (See Note 3 in Item I, Notes to the Condensed Consolidated Financial Statements). |
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