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Previous: AT&T CORP, 10-Q, 2000-11-14 |
Next: AT&T CORP, 10-Q, EX-27, 2000-11-14 |
Exhibit 12
Form 10-Q
For the Nine
Months Ended
September 30, 2000
AT&T Corp.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Millions)
(Unaudited)
Income before income taxes $9,916
Add net equity investment losses, net of
distributions of less than 50% owned
affiliates 755
Add fixed charges, excluding capitalized interest 2,671
Total earnings before income taxes and
fixed charges $13,342
Fixed Charges:
Total interest expense $2,158
Capitalized interest 224
Interest portion of rental expense 243
Dividend requirements on subsidiary preferred
stock and interest on trust preferred
securities 270
Total fixed charges $ 2,895
Ratio of earnings to fixed charges 4.6
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