<PAGE> 1
EXHIBIT 12
COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
NINE MONTHS ENDED
SEPTEMBER 30,
(IN MILLIONS) -----------------
2000 1999
---- ----
<S> <C> <C>
Income from continuing operations........................... $106 $ 56
Add
Interest.................................................. 101 106
Portion of rentals representative of interest factor...... 13 13
Income tax expense and other taxes on income.............. 78 51
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Earnings as defined.................................. $298 $226
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Interest.................................................... $101 $106
Interest capitalized........................................ 5 1
Portion of rentals representative of interest factor........ 13 13
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Fixed charges as defined............................. $119 $120
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Ratio of earnings to fixed charges.......................... 2.50 1.88
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</TABLE>