Abbott Laboratories (ABT) 10-K 2015 FY Annual report

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Exhibit 12

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

	2015			2014			2013			2012			2011
EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT)	$	2,606		$	1,721		$	1,988		$	237	(a)	$	676
Taxes on earnings from continuing operations		577			797			53			(457	)		(20	)
Amortization of capitalized interest, net of capitalized interest		(3	)		(3	)		(6	)		(3	)		(2	)
Noncontrolling interests		17			13			13			12			10
EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED	$	3,197		$	2,528		$	2,048		$	(211	)	$	664
FIXED CHARGES
Interest on long-term and short-term debt		163			150			145			320			326
Capitalized interest cost		15			13			15			12			10
Rental expense representative of an interest factor		85			87			90			100			96
TOTAL FIXED CHARGES	$	263		$	250		$	250		$	432		$	432
TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES	$	3,460		$	2,778		$	2,298		$	221		$	1,096
RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES		13.1			11.1			9.2			0.5			2.5

(a)

2012 includes $1,351 million for the net loss on extinguishment of debt.

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 interests; 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)