EX-12 2 d398059dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

                                              
     Six Months Ended
June 30, 2016
 

Earnings

  

Loss from continuing operations before provision for income taxes

   $ (1,480)   

Income from equity investees

     (35)   

Distributed income from equity investees

     29    

Interest and amortization of deferred finance costs

     496    

Amortization of capitalized interest

       

Implicit rental interest expense

     58    
  

 

 

 

Total Earnings

   $ (927)   
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

   $ 496    

Capitalized interest

       

Implicit rental interest expense

     58    
  

 

 

 

Total Fixed Charges

   $ 558    
  

 

 

 

Ratio of Earnings to Fixed Charges

     *   
  

 

 

 

*  For the six months ended June 30, 2016, earnings were insufficient to cover fixed charges by approximately $1.5 billion.