EXHIBIT 12 U S WEST Communications, Inc. RATIO OF EARNINGS TO FIXED CHARGES (Dollars in Millions) Quarter Ended 12/31/95 12/31/94 - ----------------------------------------------- --------- --------- Income before income taxes $457 $477 Interest expense (net of amounts capitalized) 102 88 Interest factor on rentals (1/3) 16 18 --------- --------- Earnings $575 $583 Interest expense 112 104 Interest factor on rentals (1/3) 16 18 --------- --------- Fixed charges $128 $122 Ratio of earnings to fixed charges 4.49 4.78 - ----------------------------------------------- --------- --------- Year-to-Date 12/31/95 12/31/94 - ----------------------------------------------- --------- --------- Income before income taxes $1,917 $1,881 Interest expense (net of amounts capitalized) 386 331 Interest factor on rentals (1/3) 60 70 --------- --------- Earnings $2,363 $2,282 Interest expense 426 367 Interest factor on rentals (1/3) 60 70 --------- --------- Fixed charges $486 $437 Ratio of earnings to fixed charges 4.86 5.22 - ----------------------------------------------- --------- ---------