|
(Millions
of dollars)
|
2005
|
2004
|
2003
|
2002
|
2001
|
|||||||||||
|
Earnings:
|
||||||||||||||||
|
Income (loss) from continuing operations,
|
||||||||||||||||
|
before income taxes
|
$
|
1,434
|
$
|
401
|
$
|
140
|
$
|
(159
|
)
|
$
|
436
|
|||||
|
Fixed charges
|
356
|
285
|
282
|
293
|
207
|
|||||||||||
|
Net loss on equity method investees
|
19
|
26
|
33
|
25
|
5
|
|||||||||||
|
Gain on sale of interest in equity method investee
|
(120
|
)
|
-
|
-
|
-
|
-
|
||||||||||
|
Distributed income from equity method investees
|
129
|
10
|
1
|
-
|
-
|
|||||||||||
|
Interest capitalized
|
(28
|
)
|
(13
|
)
|
(10
|
)
|
(7
|
)
|
(29
|
)
|
||||||
|
Total
earnings (loss)
|
$
|
1,790
|
$
|
709
|
$
|
446
|
$
|
152
|
$
|
619
|
||||||
|
Fixed
Charges -
|
||||||||||||||||
|
Interest expense
|
$
|
295
|
$
|
244
|
$
|
250
|
$
|
267
|
$
|
186
|
||||||
|
Rental expense representative of interest factor
|
33
|
28
|
22
|
20
|
13
|
|||||||||||
|
Interest capitalized
|
28
|
13
|
10
|
7
|
29
|
|||||||||||
|
Total
fixed charges
|
$
|
356
|
$
|
285
|
$
|
282
|
$
|
294
|
$
|
228
|
||||||
|
Ratio
of earnings to fixed charges
|
5.0
|
2.5
|
1.6
|
0.5
|
2.7
|
|||||||||||