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Content analysis
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H.S. freshman Avg
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COMPUTATION OF RATIO OF INCOME FROM
CONTINUING OPERATIONS TO FIXED CHARGES
FOR NINE MONTHS ENDED SEPTEMBER 30,
(UNAUDITED)
(Dollars in millions) |
| 2018 |
| 2017 |
| ||
Income from continuing operations before income taxes (1) |
| $ | 6,915 |
| $ | 6,936 |
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Add: fixed charges, excluding capitalized interest |
| 1,501 |
| 1,301 |
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Income as adjusted before income taxes |
| $ | 8,416 |
| $ | 8,236 |
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Fixed charges: |
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Interest expense |
| $ | 1,098 |
| $ | 947 |
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Capitalized interest |
| 3 |
| (1 | ) | ||
Portion of rental expense representative of interest |
| 404 |
| 354 |
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Total fixed charges |
| $ | 1,504 |
| $ | 1,300 |
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Ratio of income from continuing operations to fixed charges |
| 5.59 |
| 6.34 |
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(1) Income from continuing operations before income taxes excludes (a) amortization of capitalized interest, and (b) the company’s share in the income and losses of less-than-fifty percent-owned affiliates.