Abbott Laboratories (ABT) 10-Q 2014 Q2 Quarterly report

Exhibit 12

Abbott Laboratories and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(dollars in millions)

	Six Months Ended
	June 30, 2014
Earnings from Continuing Operations	$	799
Add (deduct):
Taxes on earnings	361
Capitalized interest cost, net of amortization	4
Noncontrolling interests	6
Earnings from Continuing Operations, as adjusted	1,170
Fixed Charges:
Interest on long-term and short-term debt	78
Capitalized interest cost	6
Rental expense representative of an interest factor	42
Total Fixed Charges	126
Total adjusted earnings available for payment of fixed charges	$	1,296
Ratio of earnings to fixed charges	10.3

NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings for taxes on earnings; interest expense; capitalized interest cost, net of amortization; 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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