EXHIBIT 12 – COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratio data)

	Three Months Ended
	March 31,						Year Ended
	2004			2003			2003			2002			2001			2000			1999
Income (loss) before income taxes, equity in earnings of non-consolidated affiliates and extraordinary item	$	189,056		$	117,070		$	1,903,338		$	1,191,261		$	(1,259,390	)	$	688,384		$	220,213
Dividends and other received from nonconsolidated affiliates		1,150			1,511			2,096			6,295			7,426			4,934			7,079
Total		190,206			118,581			1,905,434			1,197,556			(1,251,964	)		693,318			227,292
Fixed Charges
Interest expense		89,805			100,952			388,000			432,786			560,077			413,425			192,321
Amortization of loan fees		*			*			*			12,077			14,648			12,401			1,970
Interest portion of rentals		91,141			82,542			338,965			293,831			270,653			150,317			24,511
Total fixed charges		180,946			183,494			726,965			738,694			845,378			576,143			218,802
Preferred stock dividends
Tax effect of preferred dividends		—			—			—			—			—			—			—
After tax preferred dividends		—			—			—			—			—			—			—
Total fixed charges and preferred dividends		180,946			183,494			726,965			738,694			845,378			576,143			218,802
Total earnings available for payment of fixed charges	$	371,152		$	302,075		$	2,632,399		$	1,936,250		$	(406,586	)	$	1,269,461		$	446,094
Ratio of earnings to fixed charges		2.05			1.65			3.62			2.62			*	*		2.20			2.04
Rental fees and charges		260,403			235,835			968,470			839,516			773,293			429,476			306,393
Interest component		35	%		35	%		35	%		35	%		35	%		35	%		8	%

*	Amortization of loan fees is included in Interest expense beginning January 1, 2003.
**	For the year ended December 31, 2001, fixed charges exceeded earnings before income taxes and fixed charges by $1.3 billion.