Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

May 10, 2007

 

Exhibit 12
 
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
                 
    Three Months Ended March 31,  
    2007     2006  
 
Earnings available to cover fixed charges:
               
Income before income taxes and cumulative effect of accounting change
  $ 139     $ 150  
Plus: Fixed charges
    47       29  
      Amortization of capitalized interest
    3       1  
Less: Capitalized interest
    6       2  
                 
Earnings available to cover fixed charges
  $ 183     $ 178  
                 
Fixed charges(*):
               
Interest, including amortization of deferred financing costs
  $ 41     $ 24  
Interest portion of rental payments
    6       5  
                 
Total fixed charges
  $ 47     $ 29  
                 
                 
Ratio of earnings to fixed charges
    3.89x       6.14x  
                 
 
(*)   Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor.
 
* * *