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| (millions, except ratios) | (unaudited) | (unaudited) |
|
|
|
|
|
|||||||
| Fixed Charges | ||||||||||||||
| Interest and amortization of debt discount | ||||||||||||||
| and expense on all indebtedness |
$1,245
|
$931
|
$1,268
|
$1,423
|
$1,409
|
$1,365
|
$1,373
|
|||||||
| Add interest element implicit in rentals |
137
|
107
|
133
|
144
|
147
|
121
|
119
|
|||||||
|
1,382
|
1,038
|
1,401
|
1,567
|
1,556
|
1,486
|
1,492
|
||||||||
| Interest capitalized |
3
|
2
|
5
|
5
|
3
|
5
|
4
|
|||||||
| Total fixed charges |
$1,385
|
$1,040
|
$1,406
|
$1,572
|
$1,559
|
$1,491
|
$1,496
|
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|
|
|
|
|
|
|
|
||||||||
| Income | ||||||||||||||
| Income from continuing operations |
$1,641
|
$901
|
$1,453
|
$1,072
|
$1,188
|
$1,271
|
$1,025
|
|||||||
| Deduct undistributed net income (loss) | ||||||||||||||
| of unconsolidated companies |
1
|
11
|
(5)
|
11
|
13
|
8
|
9
|
|||||||
|
1,640
|
890
|
1,458
|
1,061
|
1,175
|
1,263
|
1,016
|
||||||||
| Add | ||||||||||||||
| Fixed charges (excluding interest capitalized) |
1,381
|
1,038
|
1,401
|
1,567
|
1,556
|
1,486
|
1,492
|
|||||||
| Income taxes |
983
|
531
|
904
|
766
|
912
|
834
|
703
|
|||||||
| Income before fixed charges and | ||||||||||||||
| income taxes |
$4,004
|
$2,459
|
$3,763
|
$3,394
|
$3,643
|
$3,583
|
$3,211
|
|||||||
|
|
|
|
|
|
|
|
||||||||
| Ratio of income to fixed charges |
2.89
|
2.36
|
2.68
|
2.16
|
2.34
|
2.40
|
2.15
|
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