Exhibit 12.2
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Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Year Ended December 31, | ||||||||||||||||
| (Dollars in Millions) |
2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||
| Portion of rentals representing interest |
$ | 32 | $ | 44 | $ | 45 | $ | 51 | $ | 46 | ||||||
| Capitalized interest |
7 | 3 | 12 | 8 | 8 | |||||||||||
| Other interest and fixed charges |
135 | 123 | 87 | 131 | 156 | |||||||||||
| Total fixed charges (A) |
$ | 174 | $ | 170 | $ | 144 | $ | 190 | $ | 210 | ||||||
| Earnings-pretax income with applicable adjustments (B) |
$ | 1,305 | $ | 1,884 | $ | 1,467 | $ | 1,687 | $ | (559 | ) | |||||
| Ratio of (B) to (A) |
7.50 | 11.08 | 10.19 | 8.88 | (a | ) | ||||||||||
| (a) | Earnings did not cover fixed charges by $769 million. |