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Exhibit 12.1
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
Six Months Ended | ||||
June 30, 2015 | ||||
Earnings | ||||
Income from continuing operations before provision for income taxes | $ | 382 | ||
Income from equity investees | (39) | |||
Distributed income from equity investees | 27 | |||
Interest and amortization of deferred finance costs | 481 | |||
Amortization of capitalized interest | 5 | |||
Implicit rental interest expense | 57 | |||
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Total Earnings | $ | 913 | ||
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Fixed Charges | ||||
Interest and amortization of deferred finance costs | $ | 481 | ||
Capitalized interest | 8 | |||
Implicit rental interest expense | 57 | |||
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Total Fixed Charges | $ | 546 | ||
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Ratio of Earnings to Fixed Charges | 1.67 | x | ||
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