Altria (MO) 10-Q 2006 Q2 Quarterly report

Exhibit 12

ALTRIA GROUP, INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	Six Months Ended June 30, 2006			Three Months Ended June 30, 2006
Earnings from continuing operations before income taxes, minority interest, and equity earnings, net	$	7,973		$	4,137
Add (deduct):
Equity in net earnings of less than 50% owned affiliates		(115	)		(59	)
Dividends from less than 50% owned affiliates		48			48
Fixed charges		860			424
Interest capitalized, net of amortization		(3	)		(2	)
Earnings available for fixed charges	$	8,763		$	4,548
Fixed charges:
Interest incurred:
Consumer products	$	686		$	337
Financial services		49			24
		735			361
Portion of rent expense deemed to represent interest factor		125			63
Fixed charges	$	860		$	424
Ratio of earnings to fixed charges		10.2			10.7

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Exhibit 12

ALTRIA GROUP, INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	For the Years Ended December 31,
	2005			2004			2003			2002			2001
Earnings from continuing operations before income taxes, minority interest and cumulative effect of accounting change	$	15,435		$	14,004		$	14,609		$	17,945		$	14,117
Add (deduct):
Equity in net earnings of less than 50% owned affiliates		(247	)		(141	)		(205	)		(235	)		(228	)
Dividends from less than 50% owned affiliates		225			200			157			45			29
Fixed charges		1,881			1,787			1,730			1,678			1,984
Interest capitalized, net of amortization		(7	)					10			10			10
Earnings available for fixed charges	$	17,287		$	15,850		$	16,301		$	19,443		$	15,912
Fixed charges:
Interest incurred:
Consumer products	$	1,525		$	1,427		$	1,370		$	1,331		$	1,665
Financial services		107			94			105			100			102
		1,632			1,521			1,475			1,431			1,767
Portion of rent expense deemed to represent interest factor		249			266			255			247			217
Fixed charges	$	1,881		$	1,787		$	1,730		$	1,678		$	1,984
Ratio of earnings to fixed charges (A)		9.2			8.9			9.4			11.6			8.0

(A) Earnings from continuing operations before income taxes and minority interest for the year ended December 31, 2002, include a non-recurring pre-tax gain of $2,631 million related to the Miller Brewing Company transaction. Excluding this gain, the ratio of earnings to fixed charges would have been 10.0 to 1.0 for the year ended December 31, 2002.

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