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Exhibit 12.1
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
Nine Months Ended | ||||
September 30, 2014 | ||||
Earnings | ||||
Income from continuing operations before provision for income taxes | $ | 109 | ||
Income from equity investees | (35) | |||
Distributed income from equity investees | 21 | |||
Interest and amortization of deferred finance costs | 728 | |||
Amortization of capitalized interest | 4 | |||
Implicit rental interest expense | 80 | |||
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Total Earnings | $ | 907 | ||
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Fixed Charges | ||||
Interest and amortization of deferred finance costs | $ | 728 | ||
Capitalized interest | 7 | |||
Implicit rental interest expense | 80 | |||
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Total Fixed Charges | $ | 815 | ||
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Ratio of Earnings to Fixed Charges | 1.11 | x | ||
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