Paramount Global (PARA) 10-Q 2005 Q3 Quarterly report

Exhibit 12

VIACOM INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
(Tabualar in millions except ratios)

		Nine Months Ended September 30,				Full Year
		2005		2004		2004			2003		2002		2001		2000
Earnings (loss) before income taxes		$	3,465.8	$	3,290.1	$	(13,640.0	)	$	3,742.4	$	3,431.1	$	1,100.2	$	656.0
Add:
	Distributions from affiliated companies		27.2		18.3		28.9			37.7		39.7		55.6		48.3
	Interest expense, net of capitalized interest		543.5		553.5		744.4			774.9		847.2		968.6		821.8
	Capitalized interest amortized		—		—		—			—		—		—		2.2
	1/3 of rental expense		180.6		151.6		137.1			127.1		124.1		153.1		108.1
Total Earnings (loss)		$	4,217.1	$	4,013.5	$	(12,729.6	)	$	4,682.1	$	4,442.1	$	2,277.5	$	1,636.4
Fixed charges:
	Interest expense, net of capitalized interest	$	543.5	$	553.5	$	744.4		$	774.9	$	847.2	$	968.6	$	821.8
	1/3 of rental expense		180.6		151.6		137.1			127.1		124.1		153.1		108.1
Total fixed charges		$	724.1	$	705.1	$	881.5		$	902.0	$	971.3	$	1,121.7	$	929.9
Preferred Stock dividend requirements			—		—		—			—		—		—		—
Total fixed charges and Preferred Stock dividend requirements		$	724.1	$	705.1	$	881.5		$	902.0	$	971.3	$	1,121.7	$	929.9
Ratio of earnings to fixed charges			5.8x		5.7x		Note a			5.2x		4.6x		2.0x		1.8x
Ratio of earnings to combined fixed charges and Preferred Stock dividend requirements			5.8x		5.7x		Note a			5.2x		4.6x		2.0x		1.8x

Note:

(a)

Earnings are inadequate to cover fixed charges due to the 2004 non-cash impairment charge of $18.0 billion. The dollar amount of the cover deficiency is $13.6 billion in 2004.