For the years ended December 31,

In millions

2009

2008

2007

2006

2005

Earnings

Earnings before income taxes and noncontrolling interests

$

640

$

1,178

$

1,169

$

1,083

$

798

Add:

Fixed charges

87

99

102

135

145

Amortization of capitalized interest

5

3

6

5

5

Distributed income of equity investees

215

186

107

75

110

Less:

Equity in earnings of investees

(196

)

(231

)

(192

)

(121

)

(109

)

Capitalized interest

(6

)

(11

)

(5

)

(5

)

(3

)

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

—

—

—

(2

)

(1

)

Earnings before fixed charges

$

745

$

1,224

$

1,187

$

1,170

$

945

Fixed charges

Interest expense

$

35

$

42

$

58

$

96

$

109

Capitalized interest

6

11

5

5

3

Amortization of debt discount

2

2

1

1

2

Interest portion of rental expense(1)

44

44

38

33

31

Total fixed charges

$

87

$

99

$

102

$

135

$

145

Ratio of earnings to fixed charges

8.6

12.4

11.6

8.7

6.5