EX-12.1 8 d36058dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

           Six Months Ended        
     June 30, 2015  

Earnings

  

Income from continuing operations before provision for income taxes

     $ 382     

Income from equity investees

     (39)   

Distributed income from equity investees

     27     

Interest and amortization of deferred finance costs

     481     

Amortization of capitalized interest

     5     

Implicit rental interest expense

     57     
  

 

 

 

Total Earnings

     $ 913     
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

     $ 481     

Capitalized interest

     8     

Implicit rental interest expense

     57     
  

 

 

 

Total Fixed Charges

     $ 546     
  

 

 

 

Ratio of Earnings to Fixed Charges

     1.67  x