Six months ended June 30 | Year ended December 31 | |||||||||||||||||||||||
(Millions of dollars) | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests in consolidated subsidiaries | $ | 731 | $ | 1,036 | $ | 303 | $ | 1,140 | $ | 1,055 | $ | 979 | ||||||||||||
Adjustments | ||||||||||||||||||||||||
(Income) losses of equity investees | (2 | ) | (14 | ) | (6 | ) | (11 | ) | (6 | ) | 1 | |||||||||||||
Distributed income of equity investees | 2 | 15 | 9 | 1 | 1 | 1 | ||||||||||||||||||
Interest expensed | 78 | 162 | 170 | 192 | 193 | 139 | ||||||||||||||||||
Amortization of debt issue costs | 2 | 4 | 5 | 2 | 1 | 1 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 28 | 57 | 59 | 58 | 44 | 41 | ||||||||||||||||||
Amortization of capitalized interest | 5 | 10 | 13 | 13 | 12 | 12 | ||||||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 844 | $ | 1,270 | $ | 553 | $ | 1,395 | $ | 1,300 | $ | 1,174 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expensed | $ | 78 | $ | 162 | $ | 170 | $ | 192 | $ | 193 | $ | 139 | ||||||||||||
Interest capitalized | 8 | 8 | 7 | 13 | 14 | 14 | ||||||||||||||||||
Amortization of debt issue costs | 2 | 4 | 5 | 2 | 1 | 1 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 28 | 57 | 59 | 58 | 44 | 41 | ||||||||||||||||||
Total fixed charges | $ | 116 | $ | 231 | $ | 241 | $ | 265 | $ | 252 | $ | 195 | ||||||||||||
Ratio of earnings to fixed charges | 7.28 | 5.50 | 2.29 | 5.26 | 5.16 | 6.02 | ||||||||||||||||||