Exhibit 12.2
Six months ended December 31, 2004 | Fiscal Year Ended June 30, (1) | |||||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||
EARNINGS: | ||||||||||||||||||
Income (loss) from continuing operations before income taxes, minority interests and cumulative effect of accounting change | $ | 1,204 | $ | 2,187 | $ | 1,623 | $ | 1,020 | $ | 394 | $ | 269 | ||||||
ADDBACK: | ||||||||||||||||||
Equity losses from affiliates | 126 | 5 | 1 | 144 | 92 | 90 | ||||||||||||
Dividends received from affiliates | 3 | 73 | 6 | 24 | 56 | 9 | ||||||||||||
Amortization of capitalized interest | 21 | 31 | 27 | 27 | 23 | 22 | ||||||||||||
Fixed charges (exclusive of capitalized interest) | 164 | 217 | 203 | 329 | 399 | 341 | ||||||||||||
Earnings available for Fixed Charges | $ | 1,518 | $ | 2,513 | $ | 1,860 | $ | 1,544 | $ | 964 | $ | 731 | ||||||
FIXED CHARGES: | ||||||||||||||||||
Interest on debt | $ | 151 | $ | 186 | $ | 174 | $ | 297 | $ | 376 | $ | 316 | ||||||
Capitalized interest | 18 | 42 | 26 | 22 | 28 | 43 | ||||||||||||
Interest element on rental expense | 13 | 31 | 29 | 32 | 23 | 25 | ||||||||||||
Total Fixed Charges | $ | 182 | $ | 259 | $ | 229 | $ | 351 | $ | 427 | $ | 384 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 8.3 | 9.7 | 8.1 | 4.4 | 2.3 | 1.9 | ||||||||||||
(1) | The prior years' ratio of earnings to fixed charges for June 30, 2000 through June 30, 2004 have been conformed to the six months ended December 31, 2004 presentation. |