(Dollars in thousands)

Three Months Ended September 30,

Nine Months Ended September 30,

2009

2008

2009

2008

Income from continuing operations before income taxes

$

167,969

$

176,288

$

525,684

$

586,090

Add:

Interest expense (2)

51,219

57,738

158,413

177,195

Portion of rents representative of the interest factor

10,126

10,566

30,207

32,877

Amortization of capitalized interest

429

430

1,287

1,288

Income as adjusted

$

229,743

$

245,022

$

715,591

$

797,450

Fixed charges:

Interest expense

$

51,219

$

57,738

$

158,413

$

177,195

Portion of rents representative of the interest factor

10,126

10,566

30,207

32,877

Noncontrolling interests (preferred stock dividends of subsidiaries), excluding taxes

7,040

10,792

21,631

25,508

Total fixed charges

$

68,385

$

79,096

$

210,251

$

235,580

Ratio of earnings to fixed charges

3.36

3.10

3.40

3.39

(1)

The computation of the ratio of earnings to fixed charges has been computed by dividing income from continuing operations before income taxes as adjusted by fixed charges. Included in fixed charges is one-third of rental expense as the representative portion of interest.

(2)

Interest expense includes both financing interest expense and other interest expense.