Year Ended | ||||||||||||||||||||
(millions, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Fixed Charges | ||||||||||||||||||||
Interest and amortization of debt discount and expense on all indebtedness | $511 | $377 | $289 | $276 | $214 | |||||||||||||||
Add interest element implicit in rentals | 223 | 249 | 240 | 241 | 259 | |||||||||||||||
734 | 626 | 529 | 517 | 473 | ||||||||||||||||
Interest capitalized | 1 | — | 2 | 2 | 2 | |||||||||||||||
Total fixed charges | $735 | $626 | $531 | $519 | $475 | |||||||||||||||
Income | ||||||||||||||||||||
Income before income taxes, noncontrolling interest, and extraordinary loss | ($981 | ) | ($2,395 | ) | ($1,385 | ) | ($1,685 | ) | ($972 | ) | ||||||||||
Deduct undistributed net income of unconsolidated companies | — | — | — | 37 | 185 | |||||||||||||||
(981 | ) | (2,395 | ) | (1,385 | ) | (1,722 | ) | (1,157 | ) | |||||||||||
Add | ||||||||||||||||||||
Fixed charges (excluding interest capitalized) | 734 | 626 | 529 | 517 | 473 | |||||||||||||||
Income before fixed charges and income taxes | ($247 | ) | ($1,769 | ) | ($856 | ) | ($1,205 | ) | ($684 | ) | ||||||||||
Ratio of income to fixed charges | (0.34 | ) | (2.83 | ) | (1.61 | ) | (2.32 | ) | (1.44 | ) | ||||||||||