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HOSPIRA 10-Q 2005

Documents found in this filing:

  1. 10-Q
  2. Ex-12
  3. Ex-31.1
  4. Ex-31.2
  5. Ex-32.1
  6. Ex-32.2
  7. Ex-32.2

Exhibit 12

 

Hospira, Inc.

 

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

 

(dollars in millions except ratios)

 

 

 

Six Months

 

 

 

Ended

 

 

 

June 30, 2005

 

Income from Continuing Operations Before Taxes

 

$

206

 

Add (Subtract):

 

 

 

One-third of rents

 

3

 

Interest on long-term and short-term debt

 

14

 

Interest capitalized, net of amortization

 

(4

)

 

 

 

 

Earnings from Continuing Operations

 

$

219

 

 

 

 

 

Fixed charges:

 

 

 

One-third of rents

 

3

 

Interest on long-term and short-term debt

 

14

 

Interest capitalized

 

5

 

 

 

 

 

Fixed Charges from Continuing Operations

 

$

22

 

 

 

 

 

Ratio of Earnings to Fixed Charges from Continuing Operations

 

10

 

 

For purposes of computing this ratio, “earnings” consist of income from continuing operations before taxes, one-third of rents (deemed by Hospira to be representative of the interest factor inherent in rents), interest expense and interest capitalized, net of amortization.  “Fixed charges” consist of one-third of rents, interest expense as reported in the Company’s consolidated financial statements and interest capitalized.

 

1


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