Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
(Dollars in millions, except ratios)	2008		2007		2006		2005		2004
	(Unaudited)
Interest expensed and capitalized	2,044		1,839		1,124		503		259
Interest portion of rental obligations	76		81		10		10		8
Total fixed charges (A)	2,120		1,920		1,134		513		267
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries	11,537		14,888		7,228		4,676		6,592
Income allocable to minority interest in consolidated entities that have not incurred fixed charges	(1,040	)	(1,482	)	(859	)	(494	)	(415	)
Undistributed earnings of equity investees	(1,446	)	(816	)	(301	)	(86	)	(149	)
Fixed charges	2,120		1,920		1,134		513		267
Earnings-pretax income with applicable adjustments (B)	11,171		14,510		7,202		4,609		6,295
Ratio of (B) to (A)	5.3		7.6		6.4		9.0		23.6