EX-11.2 2 d755216dex112.htm EX-11.2 EX-11.2

Exhibit 11.2

RATIO OF EARNINGS TO FIXED CHARGES

 

            Year ended December 31,  
     Nine
months
ended
September 30,
2014		      2013      2012      2011      2010      2009  

Earnings(1)

      2,042         2,902         3,480         3,409         2,393         1,507   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Fixed Charges(2)

      1,636         1,994         2,217         1,686         1,721         1,469   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

      1.248         1.455         1.570         2.022         1.390         1.026   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) Earnings is calculated by summing: (a) pre-tax income from continuing operations, (b) fixed charges (as defined below), (c) amortization of capitalized interest, (d) distributed income of equity investees and (e) share of pre-tax losses of equity investees, and subtracting interest capitalized.
(2) Fixed charges is calculated by adding: (a) interest costs (both expensed and capitalized, related to both continuing and discontinued operations) excluding losses recognized on early extinguishment of debt, (b) amortization of debt expense and discount or premium relating to indebtedness, whether expenses or capitalized, and (c) an estimate of the interest factor for operating leases.