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Removed:
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| EXHIBIT 12.1 |
| Computation of Ratios of Earnings to Fixed Charges |
| Nine months ended September 30, (dollars in millions) |
| CIT | Predecessor CIT | |||||
| 2010 | 2009 | |||||
| Earnings: | ||||||
| Net income (loss) attributable to common shareholders (1) | $ | 418.3 | $ | (3,157.1 | ) | |
| Provision (benefit) for income taxes | 187.2 | (12.4 | ) | |||
| Income (loss) before provision for income taxes | 605.5 | (3,169.5 | ) | |||
| Fixed charges: | ||||||
| Interest and debt expenses on indebtedness | 2,377.7 | 1,984.5 | ||||
| Interest factor: one-third of rentals on real and personal properties | 11.7 | 13.6 | ||||
| Total fixed charges | 2,389.4 | 1,998.1 | ||||
| Total earnings before provision for income taxes and fixed charges | $ | 2,994.9 | $ | (1,171.4 | ) | |
| Ratios of earnings to fixed charges | 1.25x | (1) | ||||
| (1) | Earnings were insufficient to cover fixed charges by $3,169.5 million for the nine months ended September 30, 2009. |
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