Marriott International (MAR) 10-Q 2009 Q2 Quarterly report

Exhibit 12

MARRIOTT INTERNATIONAL, INC. (“Marriott”)

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Twenty-Four Weeks Ended
($ in millions, except ratio)	June 19, 2009			June 13, 2008
Income from continuing operations before income taxes	$	87		$	486
Losses (income) related to equity method investees		38			(24	)
		125			462
Add/(deduct):
Fixed charges		124			152
Interest capitalized		(17	)		(24	)
Distributed income of equity method investees		6			12
Pretax losses attributable to noncontrolling interests		7			3
Earnings attributable to Marriott available for fixed charges	$	245		$	605
Fixed charges:
Interest expensed and capitalized(1)	$	74		$	104
Estimate of interest within rent expense		50			48
Total fixed charges	$	124		$	152
Ratio of earnings attributable to Marriott to fixed charges		2.0			4.0

⁽¹⁾ “Interest expensed and capitalized” includes amortized premiums, discounts, and capitalized expenses related to indebtedness.

Exhibit 12

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