EX-12 4 d497838dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

           Six Months Ended        
     June 30, 2018  

Earnings

  

Loss from continuing operations before benefit from income taxes

   $ (143

Income from equity investees

     (12

Distributed income from equity investees

     4  

Interest and amortization of deferred finance costs

     464  

Amortization of capitalized interest

     6  

Implicit rental interest expense

     43  
  

 

 

 

Total Earnings

   $ 362  
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

   $ 464  

Capitalized interest

     8  

Implicit rental interest expense

     43  
  

 

 

 

Total Fixed Charges

   $ 515  
  

 

 

 

Ratio of Earnings to Fixed Charges

     *  
  

 

 

 

 

* For the six months ended June 30, 2018, earnings were insufficient to cover fixed charges by approximately $153 million.