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