Kimberly-Clark 2015 Annual Report Download - page 76
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Please find page 76 of the 2015 Kimberly-Clark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.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
ConsolidatedCompanies
Incomefromcontinuingoperationsbeforeincometaxes
$ 1,335
$ 2,255
$ 2,641
$ 2,110
$ 1,893
Interestexpense
295
284
282
285
277
Interestfactorinrentexpense
93
101
106
101
88
Amortizationofcapitalizedinterest
9
23
12
11
13
EquityAffiliates
Shareof50%-owned:
Incomebeforeincometaxes
(2)
1
6
3
(1)
Interestexpense
-
-
-
-
-
Interestfactorinrentexpense
-
-
-
-
-
Amortizationofcapitalizedinterest
-
-
-
-
-
Distributedincomeoflessthan50%-owned
136
168
163
148
137
Earnings
$ 1,866
$ 2,832
$ 3,210
$ 2,658
$ 2,407
ConsolidatedCompanies
Interestexpense
$ 295
$ 284
$ 282
$ 285
$ 277
Capitalizedinterest
15
11
14
9
8
Interestfactorinrentexpense
93
101
106
101
88
EquityAffiliates
Shareof50%-owned:
Interestandcapitalizedinterest
-
-
-
-
-
Interestfactorinrentexpense
-
-
-
-
-
FixedCharges
$ 403
$ 396
$ 402
$ 395
$ 373
Ratioofearningstofixedcharges
4.63
7.15
7.99
6.73
6.45