| Year Ended December 31, | ||||||||||||||||||||
| 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
Earnings available to cover fixed charges: | ||||||||||||||||||||
| Income (loss) from continuing operations before income taxes | $ | (62 | ) | $ | 7 | $ | (263 | ) | $ | (375 | ) | $ | (745 | ) | ||||||
| Plus: Fixed charges | 569 | 607 | 644 | 543 | 577 | |||||||||||||||
| Earnings available to cover fixed charges | $ | 507 | $ | 614 | $ | 381 | $ | 168 | $ | (168 | ) | |||||||||
Fixed charges(a): | ||||||||||||||||||||
Interest, including amortization of deferred financing costs (b) | $ | 512 | $ | 553 | $ | 595 | $ | 513 | $ | 556 | ||||||||||
| Interest portion of rental payment | 57 | 54 | 49 | 30 | 21 | |||||||||||||||
| Total fixed charges | $ | 569 | $ | 607 | $ | 644 | $ | 543 | $ | 577 | ||||||||||
Ratio of earnings to fixed charges(c) | - | 1.01 | x | - | - | - | ||||||||||||||
| (a) | Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. Interest expense on all indebtedness is detailed as follows: |
| Year Ended December 31, | |||||||||||||||||||||
| 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||
| Related to the debt under vehicle programs | $ | 313 | $ | 263 | $ | 270 | $ | 213 | $ | 189 | |||||||||||
| All other | 199 | 290 | 325 | 300 | 367 | ||||||||||||||||
| $ | 512 | $ | 553 | $ | 595 | $ | 513 | $ | 556 | ||||||||||||
| (b) | Does not include interest expense from discontinued operations of $163 million, $371 million, $268 million, $227 million and $157 million for the years ended December 31, 2005, 2004, 2003, 2002 and 2001, respectively. | |
| (c) | Earnings were not sufficient to cover fixed charges in 2005, 2003, 2002 and 2001. |
