EXHIBIT 12
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(MILLIONS OF DOLLARS)
Year Ended December 31
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1999 1998 1997 1996 1995
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Income (loss) from continuing operations before income taxes... A $(104) $ 89 $ 456 $ 196 $ 618
Fixed charges:
Interest expense, gross...................................... 717 385 103 81 80
Portion of rentals representative of interest................ 55 35 19 22 20
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Total fixed charges before capitalized interest........... B 772 420 122 103 100
Capitalized interest......................................... -- -- 5 33 6
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Total fixed charges including capitalized interest........ C 772 420 127 136 106
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Earnings (A+B)................................................. D 668 $ 509 $ 578 $ 299 $ 718
Ratio of earnings to fixed charges (D/C)....................... 0.9 1.2 4.6 2.2 6.8
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