EX-12 9 d577824dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

     Three Months Ended
March 31, 2018
 

Earnings

  

Loss from continuing operations before benefit from income taxes

   $ (13

Income from equity investees

     (7

Distributed income from equity investees

     1  

Interest and amortization of deferred finance costs

     228  

Amortization of capitalized interest

     6  

Implicit rental interest expense

     22  
  

 

 

 

Total Earnings

   $ 237  
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

   $ 228  

Capitalized interest

     2  

Implicit rental interest expense

     22  
  

 

 

 

Total Fixed Charges

   $ 252  
  

 

 

 

Ratio of Earnings to Fixed Charges

     *  
  

 

 

 

 

* For the three months ended March 31, 2018, earnings were insufficient to cover fixed charges by approximately $15 million.