| Three Months Ended March 31, | ||||||||
| 2009 | 2008 | |||||||
|
Earnings available to cover fixed charges:
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Income before income taxes
|
$ | 74 | $ | 70 | ||||
|
Plus: Fixed charges
|
58 | 60 | ||||||
|
Amortization of capitalized interest
|
3 | 5 | ||||||
|
Less: Capitalized interest
|
3 | 4 | ||||||
|
Earnings available to cover fixed charges
|
$ | 132 | $ | 131 | ||||
|
Fixed charges
(*):
|
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|
Interest, including amortization of deferred financing costs
|
$ | 51 | $ | 52 | ||||
|
Interest portion of rental expense
|
7 | 8 | ||||||
|
Total fixed charges
|
$ | 58 | $ | 60 | ||||
|
Ratio of earnings to fixed charges
|
2.28x | 2.18x | ||||||
| (*) | Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. |