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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, 2015 | ||||||
Earnings | ||||||
Income from continuing operations before provision for income taxes | $ | 502 | ||||
Income from equity investees | (51) | |||||
Distributed income from equity investees | 40 | |||||
Interest and amortization of deferred finance costs | 723 | |||||
Amortization of capitalized interest | 5 | |||||
Implicit rental interest expense | 86 | |||||
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Total Earnings | $ | 1,305 | ||||
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Fixed Charges | ||||||
Interest and amortization of deferred finance costs | $ | 723 | ||||
Capitalized interest | 13 | |||||
Implicit rental interest expense | 86 | |||||
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Total Fixed Charges | $ | 822 | ||||
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Ratio of Earnings to Fixed Charges | 1.59 | x | ||||
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