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EXHIBIT 12(b)
UNION PACIFIC RAILROAD COMPANY AND CONSOLIDATED SUBSIDIARY
AND AFFILIATE COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
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Nine Months Ended September 30,
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Millions of Dollars Except Ratios 2000 1999
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Earnings:
Net Income ................................................... $ 752 $ 589
Undistributed equity earnings ................................ 44 (33)
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Total ........................................................ 796 556
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Income Taxes .................................................... 429 321
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Fixed Charges:
Interest expense including amortization of debt discount ..... 444 469
Portion of rentals representing an interest factor ........... 127 138
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Total fixed charges .......................................... 571 607
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Earnings Available for Fixed Charges ............................ $ 1,796 $ 1,484
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Ratio of earnings to fixed charges (Note 6) ..................... 3.1 2.4
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