EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED UNIT DISTRIBUTIONS

(in millions, except ratio amounts)

 

     Quarter ended  
     March 26,
2010		     March 27,
2009		  

Loss from continuing operations before income taxes

    $ (104 )    $ (68 ) 

Add (deduct):

     

Fixed charges

      110        104   

Capitalized interest

      (1 )      (3 ) 

Amortization of capitalized interest

      1        1   

Equity in (earnings)/losses related to certain 50% or less owned affiliates

      5        3   

Distributions on preferred units

      (2 )      (2 ) 
                

Adjusted earnings

    $ 9      $ 35   
                

Fixed charges:

     

Interest on indebtedness and amortization of deferred financing costs

    $ 96      $ 87   

Capitalized interest

      1        3   

Distributions on preferred units

      2        2   

Portion of rents representative of the interest factor

      11        12   
                

Total fixed charges and preferred unit distributions

    $ 110      $ 104   
                

Ratio of earning to fixed charges and preferred unit distributions

      —          —     

Deficiency of earnings to fixed charges and preferred unit distributions

    $ (101 )    $ (69 ) 

 

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