Exhibit (12)

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013		Years Ended December 31,
												2012			2011
Loss from continuing operations before provision for income taxes	$	(40	)	$	(112	)	$	(74	)	$	2,356	$	(1,610	)	$	(757	)
Adjustments:
Undistributed (earnings) loss of equity method investees		—			—			—			—		—			—
Interest expense		63			62			22			106		139			138
Interest component of rental expense (1)		10			13			5			12		20			25
Amortization of capitalized interest		—			—			—			—		2			2
Earnings available for fixed charges	$	33		$	(37	)	$	(47	)	$	2,474	$	(1,449	)	$	(592	)
Fixed charges:
Interest expense		63			62			22			106		139			138
Interest component of rental expense (1)		10			13			5			12		20			25
Capitalized interest		2			3			—			—		1			1
Total fixed charges	$	75		$	78		$	27		$	118	$	160		$	164
Ratio of earnings to fixed charges		*			* *			* * *			21.00		* * * *			* * * * *

⁽¹⁾  Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.

* Earnings for the year ended December 31, 2015 were inadequate to cover fixed charges. The coverage deficiency was $42 million.

* * Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges. The coverage deficiency was $115 million.

* * * Earnings for the four months ended December 31, 2013 were inadequate to cover fixed charges. The coverage deficiency was $74 million.

* * * * Earnings for the year ended December 31, 2012 were inadequate to cover fixed charges. The coverage deficiency was $1,609 million.

* * * * * Earnings for the year ended December 31, 2011 were inadequate to cover fixed charges. The coverage deficiency was $756 million.