Kimberly-Clark 2015 Annual Report Download - page 76

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Exhibit No. (12)
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
Year Ended December 31
2015
2014
2013
2012
2011
ConsolidatedCompanies
Incomefromcontinuingoperationsbeforeincometaxes
$ 1,335
$ 2,255
$ 2,641
$ 2,110
$ 1,893
Interestexpense
295
284
282
285
277
Interestfactorinrentexpense
93
101
106
101
88
Amortizationofcapitalizedinterest
9
23
12
11
13
EquityAffiliates
Shareof50%-owned:
Incomebeforeincometaxes
(2)
1
6
3
(1)
Interestexpense
-
-
-
-
-
Interestfactorinrentexpense
-
-
-
-
-
Amortizationofcapitalizedinterest
-
-
-
-
-
Distributedincomeoflessthan50%-owned
136
168
163
148
137
Earnings
$ 1,866
$ 2,832
$ 3,210
$ 2,658
$ 2,407
ConsolidatedCompanies
Interestexpense
$ 295
$ 284
$ 282
$ 285
$ 277
Capitalizedinterest
15
11
14
9
8
Interestfactorinrentexpense
93
101
106
101
88
EquityAffiliates
Shareof50%-owned:
Interestandcapitalizedinterest
-
-
-
-
-
Interestfactorinrentexpense
-
-
-
-
-
FixedCharges
$ 403
$ 396
$ 402
$ 395
$ 373
Ratioofearningstofixedcharges
4.63
7.15
7.99
6.73
6.45