Marriott International (MAR) 10-Q 2009 Q3 Quarterly report

Exhibit 12

MARRIOTT INTERNATIONAL, INC. (“Marriott”)

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Thirty-Six Weeks Ended
($ in millions, except ratio)	September 11, 2009			September 5, 2008
(Loss) income from continuing operations before income taxes	$	(592	)	$	673
Losses (income) related to equity method investees		50			(26	)
		(542	)		647
Add/(deduct):
Fixed charges		182			222
Interest capitalized		(24	)		(38	)
Distributed income of equity method investees		6			21
Pretax losses attributable to noncontrolling interests		11			20
(Losses) earnings attributable to Marriott available for fixed charges	$	(367	)	$	872
Fixed charges:
Interest expensed and capitalized(1)	$	108		$	151
Estimate of interest within rent expense		74			71
Total fixed charges	$	182		$	222
Ratio of (losses) earnings attributable to Marriott to fixed charges		(2.0	)		3.9

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

Exhibit 12

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