Marriott International (MAR) 10-Q 2010 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 18, 2010			June 19, 2009
Income before income taxes	$	313		$	87
Losses related to equity method investees		15			38
		328			125
Add/(deduct):
Fixed charges		141			124
Interest capitalized		(6	)		(17	)
Distributed income of equity method investees		2			6
Net losses attributable to noncontrolling interests		0			7
Earnings attributable to Marriott available for fixed charges	$	465		$	245
Fixed charges:
Interest expensed and capitalized(1)	$	95		$	74
Estimate of interest within rent expense		46			50
Total fixed charges	$	141		$	124
Ratio of earnings attributable to Marriott to fixed charges		3.3			2.0

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

Exhibit 12