Exhibit 12.2
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Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Year Ended December 31, | ||||||||||||||||
| (Dollars in Millions) |
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
| Portion of rentals representing interest |
$ | 26 | $ | 33 | $ | 32 | $ | 44 | $ | 45 | ||||||
| Capitalized interest |
15 | 14 | 7 | 3 | 12 | |||||||||||
| Other interest and fixed charges |
170 | 179 | 135 | 123 | 87 | |||||||||||
| Total fixed charges (A) |
$ | 211 | $ | 226 | $ | 174 | $ | 170 | $ | 144 | ||||||
| Earnings-pretax income with applicable adjustments (B) |
$ | (1,592 | ) | $ | 3,203 | $ | 1,305 | $ | 1,884 | $ | 1,467 | |||||
| Ratio of (B) to (A) |
(a | ) | 14.17 | 7.50 | 11.08 | 10.19 | ||||||||||
| (a) | Earnings did not cover fixed charges by $1,803 million. |