Exhibit 12.1
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
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Six Months Ended |
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Fiscal Year Ended |
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31-Mar-17 |
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31-Mar-16 |
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30-Sep-16 |
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30-Sep-15 |
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30-Sep-14 |
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30-Sep-13 |
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30-Sep-12 |
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(In millions, except for ratio) |
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Consolidated ratio of earnings to fixed charges |
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1.9 |
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1.4 |
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1.4 |
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0.5 |
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4.0 |
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4.7 |
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0.947 |
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Earnings: |
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Income from operations |
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128 |
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13 |
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22 |
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(258 |
) |
257 |
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312 |
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(31 |
) |
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Add: |
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Fixed charges |
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154 |
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161 |
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345 |
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467 |
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90 |
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92 |
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94 |
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Amortization of capitalized interest |
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11 |
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8 |
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31 |
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24 |
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2 |
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2 |
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2 |
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Distributed income of equity investees |
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40 |
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83 |
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149 |
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158 |
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24 |
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31 |
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26 |
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Less: |
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Capitalized interest |
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(12 |
) |
(1 |
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(10 |
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(88 |
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(7 |
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(2 |
) |
(0 |
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Noncontrolling interest |
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(32 |
) |
(45 |
) |
(67 |
) |
(84 |
) |
(3 |
) |
(4 |
) |
(2 |
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Total Earnings |
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289 |
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219 |
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470 |
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219 |
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363 |
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431 |
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89 |
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Fixed Charges: |
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Interest expense |
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115 |
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122 |
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258 |
|
300 |
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41 |
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45 |
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47 |
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Capitalized interest |
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12 |
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1 |
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10 |
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88 |
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7 |
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2 |
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0 |
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Interest component of rent expense |
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27 |
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38 |
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77 |
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79 |
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42 |
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45 |
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47 |
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Total Fixed Charges |
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154 |
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161 |
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345 |
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467 |
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90 |
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92 |
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94 |
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