EXHIBIT 12
| 5-Year Ratio of Earnings to Fixed Charges $ millions |
2003 |
Restated 2002 |
Restated 2001 |
Restated 2000 |
Restated 1999 |
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| Earnings |
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| Earnings from continuing operations before minority interest and income taxes |
$ | 4,694 | $ | 2,761 | $ | 2,263 | $ | 5,263 | $ | 4,733 | ||||||||||
| Fixed Charges |
361 | 420 | 233 | 148 | 174 | |||||||||||||||
| Capitalized interest, net of amortization |
(35 | ) | (16 | ) | (16 | ) | (12 | ) | (15 | ) | ||||||||||
| Total Earnings |
$ | 5,020 | $ | 3,165 | $ | 2,480 | $ | 5,399 | $ | 4,892 | ||||||||||
| Fixed Charges |
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| Interest and debt expense |
$ | 277 | $ | 364 | $ | 182 | $ | 108 | $ | 130 | ||||||||||
| Capitalized interest |
35 | 16 | 16 | 12 | 15 | |||||||||||||||
| One-third of rental expense |
49 | 40 | 35 | 28 | 29 | |||||||||||||||
| Total Fixed Charges |
$ | 361 | $ | 420 | $ | 233 | $ | 148 | $ | 174 | ||||||||||
| Ratio of Earnings to Fixed Charges |
13.91 | 7.54 | 10.64 | 36.48 | 28.11 | |||||||||||||||
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