Exhibit 12.1
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
| Year Ended December 31, | Three Months Ended March 31, |
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||||||
| Earnings |
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| Income from continuing operations before provision for income taxes |
$ | 521 | $ | 484 | $ | 522 | $ | 346 | $ | 342 | $ | 168 | ||||||||||||
| Income from equity investees |
(45 | ) | (49 | ) | (42 | ) | (43 | ) | (48 | ) | (18 | ) | ||||||||||||
| Distributed income from equity investees |
34 | 40 | 32 | 59 | 29 | 3 | ||||||||||||||||||
| Interest and amortization of deferred finance costs |
646 | 643 | 621 | 613 | 972 | 241 | ||||||||||||||||||
| Amortization of capitalized interest |
2 | 3 | 4 | 4 | 4 | 5 | ||||||||||||||||||
| Implicit rental interest expense |
60 | 61 | 66 | 70 | 108 | 29 | ||||||||||||||||||
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| Total earnings |
$ | 1,218 | $ | 1,182 | $ | 1,203 | $ | 1,049 | $ | 1,407 | $ | 428 | ||||||||||||
| Fixed Charges |
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| Interest and amortization of deferred finance costs |
$ | 646 | $ | 643 | $ | 621 | $ | 613 | $ | 972 | $ | 241 | ||||||||||||
| Capitalized interest |
11 | 21 | 24 | 10 | 10 | 4 | ||||||||||||||||||
| Implicit rental interest expense |
60 | 61 | 66 | 70 | 108 | 29 | ||||||||||||||||||
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| Total fixed charges |
$ | 717 | $ | 725 | $ | 711 | $ | 693 | $ | 1,090 | $ | 274 | ||||||||||||
| Ratio of earnings to fixed charges |
1.70 | x | 1.63 | x | 1.69 | x | 1.51 | x | 1.29 | x | 1.56 | x | ||||||||||||