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Previous: MARRIOTT INTERNATIONAL INC /MD/, 10-Q, EX-10, 2000-10-20 |
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Exhibit 12
MARRIOTT INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in millions, except ratio)
Thirty-six
weeks ended
September 8, 2000
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Income before income taxes $ 523
Loss/(income) related to equity method investees 5
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528
Add/(deduct):
Fixed charges 145
Interest capitalized (31)
Distributed income of equity method investees 2
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Earnings available for fixed charges $ 644
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Fixed charges:
Interest expensed and capitalized (1) $ 103
Estimate of the interest within rent expense 42
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$ 145
Total fixed charges =====
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Ratio of earnings to fixed charges 4.4
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(1) "Interest expensed and capitalized" includes
amortized premiums, discounts and capitalized
expenses related to indebtedness.
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