EX-12 4 0004.txt STATEMENT OF COMPUTATION OF RATIO Exhibit 12 MARRIOTT INTERNATIONAL, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ($ in millions, except ratio) Twenty-four weeks ended June 16, 2000 ------------- Income before income taxes $349 Loss/(income) related to equity method investees 3 ---- 352 Add/(deduct): Fixed charges 96 Interest capitalized (18) Distributed income of equity method investees 0 ---- Earnings available for fixed charges $430 ==== Fixed charges: Interest expensed and capitalized (1) $68 Estimate of interest within rent expense 28 ---- Total fixed charges $96 ==== ---- Ratio of earnings to fixed charges 4.5 ==== (1) "Interest expensed and capitalized" includes amortized premiums, discounts and capitalized expenses related to indebtedness.