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Exhibit 12
The Williams Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
Three months ended | ||||
March 31, 2013 | ||||
(Millions) | ||||
Earnings: | ||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 327 | ||
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees | (3 | ) | ||
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Income from continuing operations before income taxes, equity earnings, and noncontrolling interests | 324 | |||
Add: | ||||
Fixed charges: | ||||
Interest incurred, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a) | 161 | |||
Rental expense representative of interest factor | 3 | |||
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| |||
Total fixed charges | 164 | |||
Distributed income of equity method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees | 27 | |||
Less: | ||||
Interest capitalized | (24 | ) | ||
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| |||
Total earnings as adjusted | $ | 491 | ||
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| |||
Fixed charges | $ | 164 | ||
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Ratio of earnings to fixed charges | 2.99 | |||
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(a) | Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included inprovision (benefit) for income taxesin our Consolidated Statement of Income. |