Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (Dollars in Millions) | Nine Months Ended September 30, 2005 |
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| Income before provision for income taxes |
$ 8,237 | ||
| Minority interest |
2,090 | ||
| Equity in earnings of unconsolidated businesses |
(555 | ) | |
| Dividends from unconsolidated businesses |
1,264 | ||
| Interest expense |
1,640 | ||
| Portion of rent expense representing interest |
395 | ||
| Amortization of capitalized interest |
80 | ||
| Income, as adjusted |
$ 13,151 | ||
| Fixed charges: |
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| Interest expense |
$ 1,640 | ||
| Portion of rent expense representing interest |
395 | ||
| Capitalized interest |
263 | ||
| Preferred stock dividend requirement |
6 | ||
| Fixed charges |
$ 2,304 | ||
| Ratio of earnings to fixed charges |
5.71 | ||