Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

August 9, 2007

 

Exhibit 12
 
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
                 
    Six Months Ended June 30,  
    2007     2006  
 
Earnings available to cover fixed charges:
               
Income before income taxes and cumulative effect of accounting change
  $ 293     $ 269  
Plus: Fixed charges
    95       72  
         Amortization of capitalized interest
    6       3  
Less: Capitalized interest
    12       6  
                 
Earnings available to cover fixed charges
  $ 382     $ 338  
                 
Fixed charges (*):
               
Interest, including amortization of deferred financing costs
  $ 83     $ 62  
Interest portion of rental payments
    12       10  
                 
Total fixed charges
  $ 95     $ 72  
                 
Ratio of earnings to fixed charges
    4.02x       4.69x  
                 
 
 
(*)  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.
 
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