Attached files
| file | filename |
|---|---|
| EX-10.1 - DEFERRED SHARE UNIT AGREEMENT - Hilton Worldwide Holdings Inc. | exhibit101-formofdirectord.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc. | q22015exhibit312_cfoxcerti.htm |
| EX-32.1 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc. | q22015exhibit321_ceoxcerti.htm |
| EX-99.1 - SECTION 13(R) DISCLOSURES - Hilton Worldwide Holdings Inc. | q22015exhibit991_13r.htm |
| EX-32.2 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc. | q22015exhibit322_cfoxcerti.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc. | q22015exhibit311_ceoxcerti.htm |
| 10-Q - 10-Q - Hilton Worldwide Holdings Inc. | q22015hwhfsandmda.htm |
EXHIBIT 12
HILTON WORLDWIDE HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
(unaudited)
Six Months Ended June 30, | |||||||
2015 | 2014 | ||||||
Earnings: | |||||||
Income before taxes | $ | 625 | $ | 540 | |||
Equity in earnings from unconsolidated affiliates | (13 | ) | (12 | ) | |||
612 | 528 | ||||||
Add: | |||||||
Fixed charges | 361 | 386 | |||||
Distributed income of equity method investees | 20 | 11 | |||||
Subtract: | |||||||
Interest capitalized | (2 | ) | (2 | ) | |||
Earnings available for fixed charges | $ | 991 | $ | 923 | |||
Fixed Charges: | |||||||
Interest expense(1) | $ | 293 | $ | 311 | |||
Interest capitalized | 2 | 2 | |||||
Estimated interest included in rent expense | 66 | 73 | |||||
Total Fixed Charges | $ | 361 | $ | 386 | |||
Ratio of Earnings to Fixed Charges | 2.7 | 2.4 | |||||
____________
(1) Includes the amortization of debt discounts, premiums and capitalized expenses related to indebtedness.