EX-12.2 7 0007.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.2 Computation of Ratio of Earnings to Fixed Charges TOTAL ENTERPRISE BASIS--Unaudited Continuing Operations (Dollars in Millions)
Year Ended December 31 -------------------------------------- 2000 1999 1998 1997 1996 ------ ------ ------ ------ ------ Portion of rentals representing interest...... $ 100 $ 95 $ 105 $ 82 $ 78 Capitalized interest.......................... 19 26 46 31 11 Other interest and fixed charges.............. 375 365 318 352 428 ------ ------ ------ ------ ------ Total fixed charges (A)....................... $ 494 $ 486 $ 469 $ 465 $ 517 ====== ====== ====== ====== ====== Earnings-pretax income with applicable adjustments (B)................... $1,920 $2,098 $1,671 $1,761 $1,887 ====== ====== ====== ====== ====== Ratio of (B) to (A)........................... 3.89 4.32 3.56 3.79 3.65 ====== ====== ====== ====== ======
-------------------