Year ended December 31 | ||||||||||||||||||||
(In millions) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests in consolidated subsidiaries | $ | 1,553 | $ | 1,036 | $ | 303 | $ | 1,140 | $ | 1,055 | ||||||||||
Adjustments | ||||||||||||||||||||
Income of equity investees | (2 | ) | (14 | ) | (6 | ) | (11 | ) | (6 | ) | ||||||||||
Distributed income of equity investees | 3 | 15 | 9 | 1 | 1 | |||||||||||||||
Interest expensed | 154 | 162 | 170 | 192 | 193 | |||||||||||||||
Amortization of debt issue costs | 4 | 4 | 5 | 2 | 1 | |||||||||||||||
Estimated portion of rent expense representing interest | 65 | 57 | 59 | 58 | 44 | |||||||||||||||
Amortization of capitalized interest | 3 | 10 | 13 | 13 | 12 | |||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 1,780 | $ | 1,270 | $ | 553 | $ | 1,395 | $ | 1,300 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expensed | $ | 154 | $ | 162 | $ | 170 | $ | 192 | $ | 193 | ||||||||||
Interest capitalized | 5 | 8 | 7 | 13 | 14 | |||||||||||||||
Amortization of debt issue costs | 4 | 4 | 5 | 2 | 1 | |||||||||||||||
Estimated portion of rent expense representing interest | 65 | 57 | 59 | 58 | 44 | |||||||||||||||
Total fixed charges | $ | 228 | $ | 231 | $ | 241 | $ | 265 | $ | 252 | ||||||||||
Ratio of earnings to fixed charges | 7.81 | 5.50 | 2.29 | 5.26 | 5.16 |