Year Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
EARNINGS: | |||||||||||||||||||
Income (loss) from continuing operations | $ | (5,342 | ) | $ | (6,406 | ) | $ | (2,325 | ) | $ | (3,360 | ) | $ | (1,913 | ) | ||||
Subtract: Equity in earnings of unconsolidated subsidiaries (net of tax) | (334 | ) | (349 | ) | (335 | ) | (270 | ) | (286 | ) | |||||||||
Add: Total federal income tax expense (benefit) | (1,670 | ) | (2,619 | ) | (1,271 | ) | (1,232 | ) | (1,134 | ) | |||||||||
Fixed charges (see detail below) | 1,799 | 2,246 | 2,759 | 3,578 | 4,360 | ||||||||||||||
Distributed income of equity investees | 322 | 202 | 213 | 147 | 116 | ||||||||||||||
Total earnings (loss) | $ | (5,225 | ) | $ | (6,926 | ) | $ | (959 | ) | $ | (1,137 | ) | $ | 1,143 | |||||
FIXED CHARGES: | |||||||||||||||||||
Interest expense | $ | 1,771 | $ | 2,218 | $ | 2,729 | $ | 3,544 | $ | 4,326 | |||||||||
Rentals representative of the interest factor | 28 | 28 | 30 | 34 | 34 | ||||||||||||||
Total fixed charges | $ | 1,799 | $ | 2,246 | $ | 2,759 | $ | 3,578 | $ | 4,360 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES (a) | — | — | — | — | — | ||||||||||||||
(a) | Fixed charges exceeded earnings by $7.024 billion, $9.172 billion, $3.718 billion, $4.715 billion and $3.217 billion for the years ended December 31, 2015, 2014, 2013, 2012 and 2011, respectively. |