Year ended December 31 | ||||||||||||||||||||
(In millions) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests in consolidated subsidiaries | $ | 1,251 | $ | 1,553 | $ | 1,036 | $ | 303 | $ | 1,140 | ||||||||||
Adjustments | ||||||||||||||||||||
Income of equity investees | (2 | ) | (2 | ) | (14 | ) | (6 | ) | (11 | ) | ||||||||||
Distributed income of equity investees | 19 | 3 | 15 | 9 | 1 | |||||||||||||||
Interest expensed | 165 | 154 | 162 | 170 | 192 | |||||||||||||||
Amortization of debt issue costs | 74 | 4 | 4 | 5 | 2 | |||||||||||||||
Estimated portion of rent expense representing interest | 66 | 65 | 57 | 59 | 58 | |||||||||||||||
Amortization of capitalized interest | 12 | 10 | 10 | 13 | 13 | |||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 1,585 | $ | 1,787 | $ | 1,270 | $ | 553 | $ | 1,395 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expensed | $ | 165 | $ | 154 | $ | 162 | $ | 170 | $ | 192 | ||||||||||
Interest capitalized | 23 | 18 | 8 | 7 | 13 | |||||||||||||||
Amortization of debt issue costs | 74 | 4 | 4 | 5 | 2 | |||||||||||||||
Estimated portion of rent expense representing interest | 66 | 65 | 57 | 59 | 58 | |||||||||||||||
Total fixed charges | $ | 328 | $ | 241 | $ | 231 | $ | 241 | $ | 265 | ||||||||||
Ratio of earnings to fixed charges | 4.83 | 7.41 | 5.50 | 2.29 | 5.26 | |||||||||||||||