In millions 

2010

2009

2008

2007

2006

Earnings

Earnings before income taxes and noncontrolling interests

$

1,617

$

640

$

1,178

$

1,169

$

1,083

Add:

Fixed charges

95

87

99

102

135

Amortization of capitalized interest

3

5

3

6

5

Distributed income of equity investees

178

215

186

107

75

Less:

Equity in earnings of investees

321

196

231

192

121

Capitalized interest

5

6

11

5

5

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

—

—

—

—

2

Earnings before fixed charges

$

1,567

$

745

$

1,224

$

1,187

$

1,170

Fixed charges

Interest expense

$

40

$

35

$

42

$

58

$

96

Capitalized interest

5

6

11

5

5

Amortization of debt discount

1

2

2

1

1

Interest portion of rental expense (1)

49

44

44

38

33

Total fixed charges

$

95

$

87

$

99

$

102

$

135

Ratio of earnings to fixed charges

16.5

8.6

12.4

11.6

8.7