| 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. |
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