EX-12 10 d617152dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

     Nine Months Ended  
         September 30, 2018      

Earnings

  

Loss from continuing operations before benefit from income taxes

     $ (347)  

Income from equity investees

     (17)  

Distributed income from equity investees

      

Interest and amortization of deferred finance costs

     720   

Amortization of capitalized interest

      

Implicit rental interest expense

     64   
  

 

 

 

Total Earnings

     $ 432   
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

     $ 720   

Capitalized interest

     11   

Implicit rental interest expense

     64   
  

 

 

 

Total Fixed Charges

     $ 795   
  

 

 

 

Ratio of Earnings to Fixed Charges

     *  
  

 

 

 

* For the nine months ended September 30, 2018, earnings were insufficient to cover fixed charges by approximately $363 million.