EX-12 8 d140315dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

     Three Months Ended  
    

 

March 31, 2016

 

Earnings

  

Income from continuing operations before provision for income taxes

     $ 63     

Income from equity investees

     (20)    

Distributed income from equity investees

     2     

Interest and amortization of deferred finance costs

     251     

Amortization of capitalized interest

     5     

Implicit rental interest expense

     30     
  

 

 

 

Total Earnings

     $ 331     
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

     $ 251     

Capitalized interest

     1     

Implicit rental interest expense

     30     
  

 

 

 

Total Fixed Charges

     $ 282     
  

 

 

 

Ratio of Earnings to Fixed Charges

     1.17