Exhibit 12.1
Marathon Petroleum Corporation Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
(In millions)
|
| | | | | | | | | | | | | | | | | | | |
| | For the Years Ended December 31, |
| | 2016 | | 2015 | | 2014 | | 2013 | | 2012 |
| Portion of rentals representing interest | $ | 109 |
| | $ | 110 |
| | $ | 85 |
| | $ | 71 |
| | $ | 46 |
|
| Capitalized interest | 64 |
| | 37 |
| | 27 |
| | 28 |
| | 101 |
|
| Other interest and fixed charges | 539 |
| | 288 |
| | 201 |
| | 167 |
| | 90 |
|
| Preference security dividend requirements of consolidated subsidiaries | 41 |
| | — |
| | — |
| | — |
| | — |
|
| Total fixed charges (A) | $ | 753 |
| | $ | 435 |
| | $ | 313 |
| | $ | 266 |
| | $ | 237 |
|
| Earnings-pretax income with applicable adjustments (B) | $ | 3,004 |
| | $ | 4,852 |
| | $ | 4,194 |
| | $ | 3,518 |
| | $ | 5,423 |
|
| Ratio of (B) to (A) | 4.0 |
| | 11.2 |
| | 13.4 |
| | 13.2 |
| | 22.9 |
|
