EX-12.1 11 t1601022_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

 

 

 

Calculation of Ratio of Earnings to Fixed Charges

(dollars in millions)

 
  Fiscal Year   One Quarter Ended
  2011 2012 2013 2014 2015   2015 2016
Earnings:                
Income (loss) before taxes $(346) $4 $85 $67 $122 $16 $7
Interest 327 328 244 221 191 53 75
Interest portion of rental expense 19 20 18 18 17 4 6
(0) 352 347 306 330 73 88
Fixed Charges:
Interest 327 328 244 221 191 53 75
Interest capitalized 3 5 5 6 6 1 2
Interest portion of rental expense 19 20 18 18 17 4 4
349 353 267 245 215 59 81
Ratio (0.0) 1.0 1.3 1.2 1.5 1.2 1.1