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EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
TOTAL ENTERPRISE BASIS--UNAUDITED
(DOLLARS IN MILLIONS)
YEAR ENDED DECEMBER 31
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1995 1994 1993 1992 1991
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Portion of rentals representing interest . . . . . $ 78 $ 85 $ 84 $ 87 $ 91
Capitalized interest . . . . . . . . . . . . . . . 13 58 105 78 63
Other interest and fixed charges . . . . . . . . . 464 464 372 408 474
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Total fixed charges (A) . . . . . . . . . . . . . . $555 $ 607 $561 $573 $628
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Earnings-pretax income (loss) with
applicable adjustments (B) . . . . . . . . . . $902 $1,263 $280 $376 $(53)
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Ratio of (B) to (A) . . . . . . . . . . . . . . . . 1.63 2.08 (a) (a) (a)
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<FN>
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(a) Earnings did not cover fixed charges by $281 million for
1993, by $197 million for 1992 and by $681 million for 1991.