The Williams Companies, Inc. (WMB) 10-Q 2010 Q3 Quarterly report

Exhibit 12

The Williams Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges

	Nine months ended
	September 30, 2010
	(Millions)
Earnings:
Loss from continuing operations before income taxes	$	(1,287	)
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees		(39	)
Loss from continuing operations before income taxes and equity earnings		(1,326	)
Add:
Fixed charges:
Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a)		503
Rental expense representative of interest factor		11
Total fixed charges		514
Distributed income of equity-method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees		42
Less:
Capitalized interest		(43	)
Total earnings as adjusted	$	(813	)
Fixed charges	$	514
Ratio of earnings to fixed charges		(b	)

(a)	Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included inprovision for income taxesin our Consolidated Statement of Operations.
(b)	Earnings are inadequate to cover fixed charges by $1,327 million.