Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (Dollars in Millions) | Nine months Ended September 30, 2006 |
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| Income before provision for income taxes, discontinued operations and cumulative effect of |
$ 7,247 | ||
| Minority interest |
2,942 | ||
| Equity in earnings of unconsolidated businesses |
(616 | ) | |
| Dividends from unconsolidated businesses |
29 | ||
| Interest expense |
1,798 | ||
| Portion of rent expense representing interest |
414 | ||
| Amortization of capitalized interest |
82 | ||
| Income, as adjusted |
$ 11,896 | ||
| Fixed charges: |
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| Interest expense |
$ 1,798 | ||
| Portion of rent expense representing interest |
414 | ||
| Capitalized interest |
350 | ||
| Preferred stock dividend requirement (1) |
2 | ||
| Fixed charges |
$ 2,564 | ||
| Ratio of earnings to fixed charges |
4.64 | ||
| (1) | On January 15, 2006, Verizon redeemed $100 million Verizon International Holding Ltd. Series A variable term voting cumulative preferred stock and paid its last dividend. |