Omnicom (OMC) 10-Q 2018 Q2 Quarterly report

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratios)

(Unaudited)

	For the Six Months Ended June 30, 2018
Earnings:
Income before income taxes	$	904.6
Add: Dividends from equity method investments	3.9
Fixed charges	172.3
Total earnings	$	1,080.8
Fixed charges:
Interest expense (a)	$	116.3
Rent expense interest factor (b)	56.0
Total fixed charges	$	172.3
Ratio of earnings to fixed charges	6.27x

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(a) Interest expense includes interest on third-party indebtedness.

(b) The rent expense interest factor reflects an appropriate portion (one-third) of rent expense representative of interest.