EX-12.1 8 d918274dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

                                           
  Three Months Ended  
  March 31, 2015  

Earnings

Income from continuing operations before provision for income taxes

 $ 168    

Income from equity investees

  (18)   

Distributed income from equity investees

    

Interest and amortization of deferred finance costs

  241    

Amortization of capitalized interest

    

Implicit rental interest expense

  29    
  

 

 

 

Total Earnings

 $ 428    
  

 

 

 

Fixed Charges

Interest and amortization of deferred finance costs

 $ 241    

Capitalized interest

    

Implicit rental interest expense

  29    
  

 

 

 

Total Fixed Charges

 $ 274    
  

 

 

 

Ratio of Earnings to Fixed Charges

  1.56