EX-12 8 ccex12.htm EXHIBIT 12 EXHIBIT 12

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12



  Twelve months
ended
December 31, 2000
 
Computation of Earnings:
 
Pretax income/(loss) from continuing operations ($217 )
 
Adjustments to income:
 
        Add:    Distributed income from less than 50% owned companies 4
 
        Add:    Portion of rent expense representative of interest expense 12
 
        Add:    Interest incurred net of amounts capitalized 393
 
        Add:    Amortization of interest previously capitalized (1 )
 
        Add:    Amortization of debt issue costs and discount or premium
                        on indebtedness
3
 
 
 
                                Earnings 194
 
 
 
Computation of Fixed Charges:
 
        Interest incurred $394
 
        Amortization of debt issue costs and discount or premium
                        on indebtedness
3
 
        Portion of rental expense representative of interest 12
 
        Preferred stock dividend requirements 3
 
 
 
                                Fixed Charges 412
 
 
 
        Ratio of Earnings to Fixed Charges .5