|
|
|
|
|
|
|
|
|
| millions, except ratios) |
|
|
|
|
|
|
|
| Fixed Charges | |||||||
| Interest and amortization of debt discount | |||||||
| and expense on all indebtedness |
$1,300
|
$ 955
|
$1,423
|
$1,409
|
$1,365
|
$1,373
|
$1,279
|
| Add interest element implicit in rentals |
129
|
103
|
144
|
147
|
121
|
119
|
114
|
|
1,429
|
1,058
|
1,567
|
1,556
|
1,486
|
1,492
|
1,393
|
|
| Interest Capitalized |
5
|
4
|
5
|
3
|
5
|
4
|
1
|
| Total fixed charges |
$1,434
|
$1,062
|
$1,572
|
$1,559
|
$1,491
|
$1,496
|
$1,394
|
|
|
|
|
|
|
|
|
|
| Income | |||||||
| Income from continuing operations |
$1,248
|
$713
|
$1,072
|
$1,188
|
$1,271
|
$1,025
|
$857
|
| Deduct undistributed net income of unconsolidated companies |
10
|
5
|
11
|
13
|
8
|
9
|
(7)
|
|
1,238
|
708
|
1,061
|
1,175
|
1,263
|
1,016
|
864
|
|
| Add | |||||||
| Fixed charges (excluding interest capitalized) |
1,429
|
1,058
|
1,567
|
1,556
|
1,486
|
1,492
|
1,393
|
| Income taxes |
790
|
452
|
766
|
912
|
834
|
703
|
614
|
| Income before fixed charges and | |||||||
| income taxes |
$3,457
|
$2,218
|
$3,394
|
$3,643
|
$3,583
|
$3,211
|
$2,871
|
|
|
|
|
|
|
|
|
|
| Ratio of income to fixed charges |
2.41
|
2.09
|
2.16
|
2.34
|
2.40
|
2.15
|
2.06
|
|
|
|
|
|
|
|
|
|
|