Exhibit 12.2
UNISYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
($ in millions)
Nine
Months
Ended Years Ended December 31
Sept 30, -------------------------------------------
1996 1995 1994 1993 1992 1991
---- ---- ---- ---- ---- ----
Income (loss) from continuing
operations before income taxes $ 9.2 $(781.1) $ 14.6 $370.9 $301.3 $(1,425.6)
Add (deduct) share of loss (income)
of associated companies (14.0) 5.0 16.6 14.5 3.2 (6.5)
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Subtotal (4.8) (776.1) 31.2 385.4 304.5 (1,432.1)
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Interest expense (net of interest
capitalized) 185.5 202.1 203.7 241.7 340.6 407.6
Amortization of debt issuance
expenses 4.5 5.1 6.2 6.6 4.8 1.8
Portion of rental expense
representative of interest 48.9 65.3 65.0 70.5 78.8 80.9
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Total Fixed Charges 238.9 272.5 274.9 318.8 424.2 490.3
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Earnings (loss) from continuing
operations before income taxes,
fixed charges and preferred
stock dividend requirements $234.1 $(503.6) $306.1 $704.2 $728.7 $ (941.8)
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Amounts charged to income $238.9 $ 272.5 $274.9 $318.8 $424.2 $ 490.3
Preferred stock
dividend requirements 139.4 185.1 184.8 187.1 200.2 198.7
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Total fixed charges and preferred
stock dividend requirements $378.3 $ 457.6 $459.7 $505.9 $624.4 $ 689.0
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Ratio of earnings to fixed charges
and preferred stock dividends * * * 1.39 1.17 *
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<FN>
* Earnings for the nine months ended September 30, 1996 and for the years ended December 31,
1995, 1994 and 1991 were inadequate to cover fixed charges and preferred stock dividends by
$144.2 million, $961.2 million, $153.6 million and $1,630.8 million, respectively.