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Exhibit 12
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
Six Months Ended | ||||
June 30, 2014 | ||||
Earnings | ||||
Income from continuing operations before provision for income taxes | $ | (24) | ||
Income from equity investees | (23) | |||
Distributed income from equity investees | 10 | |||
Interest and amortization of deferred finance costs | 478 | |||
Amortization of capitalized interest | 5 | |||
Implicit rental interest expense | 52 | |||
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Total Earnings | $ | 498 | ||
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Fixed Charges | ||||
Interest and amortization of deferred finance costs | $ | 478 | ||
Capitalized interest | 5 | |||
Implicit rental interest expense | 52 | |||
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Total Fixed Charges | $ | 535 | ||
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Ratio of Earnings to Fixed Charges | 0.93 | x | ||
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