EX-12 2 ex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12


                           
 
  
First Half
  
For the Years Ended December 31,
  
 
  
Restated
2006
  
Restated
2005
  
Restated
2004
  
Restated
2003
  
Restated
2002
  
Restated
2001
  
   
(in millions)
  
Earnings
                          
Income from continuing operations before income taxes
 
$
817
  
$
2,923
  
$
3,710
  
$
2,010
  
$
4,854
  
$
2,543
  
                                       
Less: Equity in net income/(loss) of affiliated companies
   
8
    
11
    
(2
)
  
12
    
13
    
5
  
Fixed charges
   
3,712
    
6,642
    
6,764
    
7,395
    
8,246
    
9,610
  
Earnings before fixed charges
 
$
4,521
  
$
9,554
  
$
10,476
  
$
9,393
  
$
13,087
  
$
12,148
  
                                       
Fixed charges
                                      
Interest expense
 
$
3,700
  
$
6,616
  
$
6,733
  
$
7,361
  
$
8,210
  
$
9,574
  
Rents
   
12
    
26
    
31
    
34
    
36
    
36
  
Total fixed charges
 
$
3,712
  
$
6,642
  
$
6,764
  
$
7,395
  
$
8,246
  
$
9,610
  
                                       
Ratio of earnings to fixed charges
   
1.22
    
1.44
    
1.55
    
1.27
    
1.59
    
1.26