Attached files

file filename
EX-32 - CERTIFICATION OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICE - Wyndham Destinations, Inc.wyn-ex32_2016930xq3.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - Wyndham Destinations, Inc.wyn-ex312_2016930xq3.htm
EX-31.1 - CERTIFICATION OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER - Wyndham Destinations, Inc.wyn-ex311_2016930xq3.htm
EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - Wyndham Destinations, Inc.wyn-ex15_2016930xq3.htm
EX-10.1 - SEVENTH AMENDMENT, DATED AUGUST 23, 2016, INDENTURE AND SERVICING AGREEMENT - Wyndham Destinations, Inc.wyn-ex101_2016930xq3.htm
10-Q - 10-Q - Wyndham Destinations, Inc.wyn-2016930x10q.htm


Exhibit 12
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

 
Nine Months Ended September 30,
 
2016
 
2015
Earnings available to cover fixed charges:
 
 
 
Income before income taxes
$
715

 
$
736

Less: Income from equity investees
1

 
1

 
714

 
735

Plus: Fixed charges
177

 
166

Amortization of capitalized interest
4

 
3

Less: Capitalized interest
4

 
5

Earnings available to cover fixed charges
$
891

 
$
899

Fixed charges (*):
 
 
 
Interest
$
157

 
$
144

Capitalized interest
4

 
5

Interest portion of rental expense
16

 
17

Total fixed charges
$
177

 
$
166

Ratio of earnings to fixed charges
5.03x

 
5.42x

 
(*)  
Consists of interest expense on all indebtedness (including costs related to the amortization of deferred financing costs), capitalized interest and the portion of operating lease rental expense that is representative of the interest factor.

* * *