EX-12.1 7 d85095dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

       Nine Months Ended        
     September 30, 2015      

Earnings

    

Income from continuing operations before provision for income taxes

    $ 502      

Income from equity investees

     (51)     

Distributed income from equity investees

     40      

Interest and amortization of deferred finance costs

     723      

Amortization of capitalized interest

         

Implicit rental interest expense

     86      
  

 

 

   

Total Earnings

    $ 1,305      
  

 

 

   

Fixed Charges

    

Interest and amortization of deferred finance costs

    $ 723      

Capitalized interest

     13      

Implicit rental interest expense

     86      
  

 

 

   

Total Fixed Charges

    $ 822      
  

 

 

   

Ratio of Earnings to Fixed Charges

     1.59       x