EX-12 2 d445626dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

                        
           Nine Months Ended       
     September 30, 2017  

Earnings

  

Loss from continuing operations before provision for income taxes

     $ (454)  

Income from equity investees

     (13)  

Distributed income from equity investees

      

Interest and amortization of deferred finance costs

     706   

Amortization of capitalized interest

      

Implicit rental interest expense

     77   
  

 

 

 

Total Earnings

     $ 330   
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

     $ 706   

Capitalized interest

      

Implicit rental interest expense

     77   
  

 

 

 

Total Fixed Charges

     $ 790   
  

 

 

 

Ratio of Earnings to Fixed Charges

     *  
  

 

 

 

*  For the nine months ended September 30, 2017, earnings were insufficient to cover fixed charges by approximately $460 million.