Attached files
| file | filename |
|---|---|
| EX-32 - SECTION 906 CERTIFICATION - MARRIOTT INTERNATIONAL INC /MD/ | mar-q22018xexx32.htm |
| EX-31.2 - CFO 302 CERTIFICATION - MARRIOTT INTERNATIONAL INC /MD/ | mar-q22018xexx312.htm |
| EX-31.1 - CEO 302 CERTIFICATION - MARRIOTT INTERNATIONAL INC /MD/ | mar-q22018xexx311.htm |
| EX-10.1 - EXHIBIT 10.1 - MARRIOTT INTERNATIONAL INC /MD/ | mar-q22018xexx1014.htm |
| 10-Q - 10-Q - MARRIOTT INTERNATIONAL INC /MD/ | mar-q22018x10q.htm |
Exhibit 12
MARRIOTT INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
($ in millions, except ratio) | June 30, 2018 | June 30, 2017 | ||||||
Income before income taxes | $ | 1,298 | $ | 1,210 | ||||
Income related to equity method investees | (34 | ) | (23 | ) | ||||
1,264 | 1,187 | |||||||
Add/(deduct): | ||||||||
Fixed charges | 198 | 179 | ||||||
Interest capitalized | (1 | ) | — | |||||
Distributed income of equity method investees | 20 | 16 | ||||||
Earnings available for fixed charges | $ | 1,481 | $ | 1,382 | ||||
Fixed charges: | ||||||||
Interest expensed and capitalized (1) | $ | 161 | $ | 143 | ||||
Estimate of interest within rent expense | 37 | 36 | ||||||
Total fixed charges | $ | 198 | $ | 179 | ||||
Ratio of earnings to fixed charges | 7.5 | 7.7 | ||||||
(1) | “Interest expensed and capitalized” includes amortized premiums, discounts, and capitalized expenses related to indebtedness. |
Exhibit 12