Year Ended December 31, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
EARNINGS: | |||||||||||||||||||
Income (loss) from continuing operations | $ | (6,406 | ) | $ | (2,325 | ) | $ | (3,360 | ) | $ | (1,913 | ) | $ | (2,812 | ) | ||||
Subtract: Equity in earnings of unconsolidated subsidiaries (net of tax) | (349 | ) | (335 | ) | (270 | ) | (286 | ) | (277 | ) | |||||||||
Add: Total federal income tax expense (benefit) | (2,619 | ) | (1,271 | ) | (1,232 | ) | (1,134 | ) | 389 | ||||||||||
Fixed charges (see detail below) | 2,246 | 2,759 | 3,578 | 4,360 | 3,646 | ||||||||||||||
Distributed income of equity investees | 202 | 213 | 147 | 116 | 169 | ||||||||||||||
Total earnings (loss) | $ | (6,926 | ) | $ | (959 | ) | $ | (1,137 | ) | $ | 1,143 | $ | 1,115 | ||||||
FIXED CHARGES: | |||||||||||||||||||
Interest expense | $ | 2,218 | $ | 2,729 | $ | 3,544 | $ | 4,326 | $ | 3,614 | |||||||||
Rentals representative of the interest factor | 28 | 30 | 34 | 34 | 32 | ||||||||||||||
Total fixed charges | $ | 2,246 | $ | 2,759 | $ | 3,578 | $ | 4,360 | $ | 3,646 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES (a) | — | — | — | — | — | ||||||||||||||
(a) | Fixed charges exceeded earnings by $9.172 billion, $3.718 billion, $4.715 billion, $3.217 billion and $2.531 billion for the years ended December 31, 2014, 2013, 2012, 2011 and 2010, respectively. |