Exhibit 12

 

Abbott Laboratories and Subsidiaries

 

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

 

(dollars in millions)

 

		Nine Months Ended
		September 30, 2014
Earnings from Continuing Operations		$	1,089
Add (deduct):
Taxes on earnings from continuing operations		627
Capitalized interest cost, net of amortization		1
Noncontrolling interests		10
Earnings from Continuing Operations, as adjusted		1,727
Fixed Charges:
Interest on long-term and short-term debt		107
Capitalized interest cost		10
Rental expense representative of an interest factor		64
Total Fixed Charges		181
Total adjusted earnings available for payment of fixed charges		$	1,908
Ratio of earnings to fixed charges		10.5

 

NOTE:          For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings for taxes on earnings from continuing operations; 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.