Abbott Laboratories (ABT) 10-K 2014 FY Annual report

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Exhibit 12

Abbott Laboratories
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)

	2014			2013			2012			2011			2010
EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT)	$	1,721		$	1,988		$	237		$	676		$	120
Taxes on earnings from continuing operations		797			53			(457	)		(20	)		241
Amortization of capitalized interest, net of capitalized interest		(3	)		(6	)		(3	)		(2	)		—
Noncontrolling interest		13			13			12			10			9
EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED	$	2,528		$	2,048		$	(211	)	$	664		$	370
FIXED CHARGES
Interest on long-term and short-term debt		150			145			320			326			520
Capitalized interest cost		13			15			12			10			8
Rental expense representative of an interest factor		87			90			100			96			86
TOTAL FIXED CHARGES	$	250		$	250		$	432		$	432		$	614
TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES	$	2,778		$	2,298		$	221		$	1,096		$	984
RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES		11.1			9.2			0.5			2.5			1.6

NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings from continuing operations for taxes on earnings from continuing operations; interest expense; amortization of capitalized interest, net of capitalized interest; noncontrolling interest; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.

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Exhibit 12

Abbott Laboratories Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions)