1 EXHIBIT (12)(a) COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ($ in millions) (unaudited) Three Months Ended Year Ended March 31 December 31 1995 1994 1994 ---- ---- ---- Income (loss) before income taxes and minority interest $ 27 $ 57 $ 157 Less: Equity in income (loss) of 50 percent or less owned affiliates - (1) (5) Add: Fixed charges excluding capitalized interest 66 56 212 ----- ----- ----- Earnings as adjusted $ 93 $ 114 $ 374 ===== ===== ===== Fixed charges: Interest expense $ 58 $ 47 $ 177 Rental expense 8 9 35 Capitalized interest - - - ----- ----- ----- Total fixed charges $ 66 $ 56 $ 212 ===== ===== ===== Ratio of earnings to fixed charges 1.41x 2.04x 1.76x ===== ===== =====