Exhibit 99.4
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
|
| Nine Months |
| Years Ended December 31, | ||||||||||||||||||||||||
(Amounts in millions of dollars) |
| 2018 |
| 2017 |
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 | ||||||||||||||
Net income(a) |
|
| 10,314 |
|
|
| 7,610 |
|
|
| 8,631 |
|
|
| 6,196 |
|
|
| 5,087 |
|
|
| 4,244 |
|
|
| 11,228 |
|
Income tax expenses(a) |
|
| 5,923 |
|
|
| 2,257 |
|
|
| 3,029 |
|
|
| 970 |
|
|
| 1,653 |
|
|
| 8,614 |
|
|
| 14,767 |
|
Non-controlling interests |
|
| 56 |
|
|
| (41 | ) |
|
| (332 | ) |
|
| 10 |
|
|
| (301 | ) |
|
| 6 |
|
|
| 293 |
|
Equity in income of affiliates (in excess of)/less than dividends received |
|
| (973) |
|
|
| 96 |
|
|
| 42 |
|
|
| (643 | ) |
|
| (311 | ) |
|
| 29 |
|
|
| (775 | ) |
Interest expensed |
|
| 1,102 |
|
|
| 750 |
|
|
| 1,000 |
|
|
| 734 |
|
|
| 742 |
|
|
| 536 |
|
|
| 656 |
|
Estimate of the interest within rental expense |
|
| 367 |
|
| 407 |
|
|
| 489 |
|
|
| 543 |
|
|
| 477 |
|
|
| 406 |
|
|
| 357 |
| |
Amortization of capitalized interest |
|
| 157 |
|
|
| 158 |
|
|
| 191 |
|
|
| 161 |
|
|
| 174 |
|
|
| 160 |
|
|
| 135 |
|
Total(a) |
|
| 16,946 |
|
|
| 11,237 |
|
|
| 13,050 |
|
|
| 7,971 |
|
|
| 7,521 |
|
|
| 13,995 |
|
|
| 26,661 |
|
Interest expensed |
|
| 1,102 |
|
|
| 750 |
|
|
| 1,000 |
|
|
| 734 |
|
|
| 742 |
|
|
| 536 |
|
|
| 656 |
|
Capitalized interest |
|
| 393 |
|
|
| 352 |
|
|
| 475 |
|
|
| 481 |
|
|
| 362 |
|
|
| 341 |
|
|
| 349 |
|
Estimate of the interest within rental expense |
|
| 367 |
|
|
| 407 |
|
|
| 489 |
|
|
| 543 |
|
|
| 477 |
|
|
| 406 |
|
|
| 357 |
|
Preference security dividend requirements of consolidated subsidiaries |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
Fixed charges |
|
| 1,862 |
|
|
| 1,509 |
|
|
| 1,964 |
|
|
| 1,758 |
|
|
| 1,581 |
|
|
| 1,283 |
|
|
| 1,362 |
|
Ratio of earnings to fixed charges(a) |
|
| 9.10 |
|
|
| 7.45 |
|
|
| 6.64 |
|
|
| 4.53 |
|
|
| 4.76 |
|
|
| 10.91 |
|
|
| 19.57 |
|
|
| (a) | Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014. |