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EXHIBIT 12(a)
UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Three Months Ended June 30,
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Millions of Dollars Except Ratios 2000 1999
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Earnings:
Net Income ........................................................... $ 244 $ 194
Undistributed equity earnings ........................................ (13) (10)
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Total ................................................................ 231 184
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Income taxes .............................................................. 142 87
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Fixed charges:
Interest expense including amortization of debt discount ............. 180 184
Portion of rentals representing an interest factor ................... 42 46
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Total fixed charges .................................................. 222 230
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Earnings available for fixed charges ...................................... $ 595 $ 501
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Ratio of earnings to fixed charges (Note 8) ............................... 2.7 2.2
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