Years ended December 31, | |||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
Income (loss) before income taxes | $ | 450.5 | $ | 324.3 | $ | (14.6 | ) | $ | (176.9 | ) | $ | (1,416.1 | ) | ||||||
Interest expense | 649.9 | 699.7 | 773.4 | 680.3 | 870 | ||||||||||||||
Portion of rent estimated to represent the interest factor | 145.2 | 146.1 | 141.9 | 149.9 | 155.7 | ||||||||||||||
Earnings (loss) before income taxes and fixed charges | $ | 1,245.6 | $ | 1,170.1 | $ | 900.7 | $ | 653.3 | $ | (390.4 | ) | ||||||||
Interest expense (including capitalized interest) | $ | 653.5 | $ | 701.8 | $ | 774.3 | $ | 681.5 | $ | 872.8 | |||||||||
Portion of rent estimated to represent the interest factor | 145.2 | 146.1 | 141.9 | 149.9 | 155.7 | ||||||||||||||
Fixed charges | $ | 798.7 | $ | 847.9 | $ | 916.2 | $ | 831.4 | $ | 1,028.5 | |||||||||
Ratio of earnings to fixed charges | 1.6 | 1.4 | (a) | (a) | (a) |
(a) | Earnings (loss) before income taxes and fixed charges for the years ended December 31, 2010, 2009 and 2008 were inadequate to cover fixed charges for the period by $15.5 million, $178.1 million and $1,418.9 million, respectively. |