EX-12 2 dan-20171231xex12.htm EXHIBIT 12 Exhibit


Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

 
2017
 
2016
 
2015
 
2014
 
2013
Income from continuing operations before income taxes
$
380

 
$
215

 
$
292

 
$
260

 
$
368

Fixed charges
123

 
130

 
129

 
140

 
155

Distributed income of equity investees
16

 
11

 
16

 
16

 
10

 
519

 
356

 
437

 
416

 
533

Less preference security dividend requirements
—

 
—

 
—

 
5

 
37

Earnings
$
519

 
$
356

 
$
437

 
$
411

 
$
496

 
 
 
 
 
 
 
 
 
 
Interest
$
102

 
$
113

 
$
113

 
$
118

 
$
99

Interest element of rentals
21

 
17

 
16

 
17

 
19

Preference security dividend requirements
—

 
—

 
—

 
5

 
37

Fixed charges
$
123

 
$
130

 
$
129

 
$
140

 
$
155

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.22

 
2.74

 
3.39

 
2.94

 
3.20