Exhibit 12
RATIOS OF EARNINGS TO FIXED CHARGES AND TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
December 31, 2011
| Years Ended December 31, | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| EARNINGS: |
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| Adjusted (loss) earnings from continuing operations before income taxes |
$ | 4,264 | $ | 3,548 | $ | (4,574 | ) | $ | (4,208 | ) | $ | 3,283 | ||||||||
| Add fixed charges (see below) |
439 | 460 | 467 | 459 | 550 | |||||||||||||||
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| Adjusted (loss) earnings |
$ | 4,703 | $ | 4,008 | $ | (4,107 | ) | $ | (3,749 | ) | $ | 3,833 | ||||||||
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| FIXED CHARGES AND PREFERRED STOCK DIVIDENDS: |
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| Gross interest expense |
$ | 425 | $ | 439 | $ | 444 | $ | 440 | $ | 532 | ||||||||||
| Estimated interest component of operating lease payments |
14 | 21 | 23 | 19 | 18 | |||||||||||||||
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| Fixed charges |
439 | 460 | 467 | 459 | 550 | |||||||||||||||
| Preferred stock requirements, pre-tax |
— | — | — | 9 | 15 | |||||||||||||||
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| Combined fixed charges and preferred stock dividends |
$ | 439 | $ | 460 | $ | 467 | $ | 468 | $ | 565 | ||||||||||
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| Ratio of earnings to fixed charges |
10.71 | 8.71 | N/A | N/A | 6.97 | |||||||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
10.71 | 8.71 | N/A | N/A | 6.78 | |||||||||||||||
| Insufficiency of earnings to cover fixed charges |
N/A | N/A | $ | 4,574 | $ | 4,208 | N/A | |||||||||||||
| Insufficiency of earnings to cover combined fixed charges and preferred stock dividends |
N/A | N/A | $ | 4,574 | $ | 4,217 | N/A | |||||||||||||
| N/A | Not applicable. |