| Years Ended December 31, | ||||||||||||
| 2006 | 2005 | 2004 | ||||||||||
Income before income taxes, cumulative |
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effect of change in accounting principle, |
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losses in equity investments and |
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minority interests |
$ | 1,560 | $ | 1,253 | $ | 1,316 | ||||||
Fixed charges deducted from income: |
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Interest expense |
545 | 496 | 455 | |||||||||
Implicit interest in rents |
49 | 51 | 51 | |||||||||
| 594 | 547 | 506 | ||||||||||
Earnings available for fixed charges |
$ | 2,154 | $ | 1,800 | $ | 1,822 | ||||||
Interest expense |
$ | 545 | $ | 496 | $ | 455 | ||||||
Capitalized interest |
18 | 9 | 22 | |||||||||
Implicit interest in rents |
49 | 51 | 51 | |||||||||
Total fixed charges |
$ | 612 | $ | 556 | $ | 528 | ||||||
Ratio of earnings to fixed charges |
3.5x | 3.2x | 3.5x | |||||||||