EX-12 6 q32016computationofratioof.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


HILTON WORLDWIDE HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
(unaudited)

 
Nine Months Ended
 
September 30,
 
2016
 
2015
Earnings:
 
 
 
Income before taxes
$
1,001

 
$
1,155

Equity in earnings from unconsolidated affiliates
(18
)
 
(22
)
 
983

 
1,133

Add:
 
 
 
Fixed charges
537

 
533

Distributed income of equity method investees
15

 
22

Subtract:
 
 
 
Interest capitalized
(3
)
 
(2
)
Earnings available for fixed charges
$
1,532

 
$
1,686

 
 
 
 
Fixed Charges:
 
 
 
Interest expense(1)
$
434

 
$
431

Interest capitalized
3

 
2

Estimated interest included in rent expense
100

 
100

Total Fixed Charges
$
537

 
$
533

 
 
 
 
Ratio of Earnings to Fixed Charges
2.9

 
3.2

____________
(1)    Includes the amortization of debt discounts, premiums and capitalized expenses related to indebtedness.