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RATIO OF EARNINGS TO FIXED CHARGES
Our consolidated ratio of earnings to fixed charges is as follows:
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| Years Ended December 31, | ||||||||
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| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
Ratio of Earnings to Fixed Charges |
| 2.62 |
| 1.38 |
| 1.35 |
| (a) |
| (b) |
(a) | For purposes of the ratio calculation, the deficiency in our earnings to achieve a one-to-one ratio of earnings to fixed charges for the year ended December 31, 2012 was $26 million. For purposes of calculating our ratio of earnings to fixed charges for the year ended December 31, 2012, fixed charges were $245 million. |
(b) | For purposes of the ratio calculation, the deficiency in our earnings to achieve a one-to-one ratio of earnings to fixed charges for the year ended December 31, 2011 was $13 million. For purposes of calculating our ratio of earnings to fixed charges for the year ended December 31, 2011, fixed charges were $266 million. |