EX-12 2 a16-11615_1ex12.htm EX-12

Exhibit 12

Abbott Laboratories and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(dollars in millions)

|  | Six Months Ended |
|  | June 30, 2016 |
Earnings from Continuing Operations |  | $ | 655 |
Add (deduct): |  |  |
Taxes on earnings |  | 62 |
Capitalized interest cost, net of amortization |  | 4 |
Noncontrolling interests |  | 8 |
Earnings from Continuing Operations, as adjusted |  | 729 |
Fixed Charges: |  |  |
Interest on long-term and short-term debt |  | 161 |
Capitalized interest cost |  | 10 |
Rental expense representative of an interest factor |  | 48 |
Total Fixed Charges |  | 219 |
Total adjusted earnings available for payment of fixed charges |  | $ | 948 |
Ratio of earnings to fixed charges |  | 4.3 |

NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings for taxes on earnings; interest expense; capitalized interest cost, net of amortization; noncontrolling interests; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.

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