Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 8, 2007

Documents

 

Exhibit 12
 
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
                 
    Nine Months Ended September 30,  
    2007     2006  
 
Earnings available to cover fixed charges:
               
Income before income taxes and cumulative effect of accounting change
  $ 482     $ 396  
Plus: Fixed charges
    151       116  
         Amortization of capitalized interest
    13       6  
Less: Capitalized interest
    18       11  
                 
Earnings available to cover fixed charges
  $ 628     $ 507  
                 
Fixed charges (*):
               
Interest, including amortization of deferred financing costs
  $ 132     $ 100  
Interest portion of rental payments
    19       16  
                 
Total fixed charges
  $ 151     $ 116  
                 
Ratio of earnings to fixed charges
    4.16x       4.37x  
                 
 
 
(*)  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.
 
* * *


45