| Years Ended | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
| EARNINGS: | ||||||||||||||||||||
| Earnings before income taxes | 143,769 | 409,288 | 402,204 | 390,275 | 357,377 | |||||||||||||||
| Fixed charges | 204,465 | 220,187 | 222,017 | 201,561 | 178,711 | |||||||||||||||
| Add: Amortization of capitalized interest | 620 | 471 | 457 | 423 | 433 | |||||||||||||||
| Less: Interest capitalized | 1,361 | 1,048 | 286 | 245 | 313 | |||||||||||||||
| Earnings available for fixed charges (A) | 347,493 | 628,898 | 624,393 | 592,014 | 536,208 | |||||||||||||||
| FIXED CHARGES: | ||||||||||||||||||||
| Interest and other financial charges <2> | 147,801 | 158,244 | 160,359 | 140,806 | 120,786 | |||||||||||||||
| Costs associated with sale of receivables <1> | 0 | 0 | 0 | 0 | 38 | |||||||||||||||
| Portion of rents representing interest expense | 56,664 | 61,943 | 61,658 | 60,755 | 57,886 | |||||||||||||||
| Total fixed charges (B) | $ | 204,465 | $ | 220,187 | 222,017 | 201,561 | 178,711 | |||||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES (A) / (B) | 1.70 | 2.86 | 2.81 | 2.94 | 3.00 | |||||||||||||||
| <1> | Prior to 2007, these costs were off-balance sheet. Subsequently, these costs are now included in “interest and other financial charges”. | |
| <2> | Includes premium/discount amortization and debt issuance amortization. |
