Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Hilton Worldwide Holdings Inc. | q32015hwhfsandmda.htm |
| EX-99.1 - SECTION 13(R) DISCLOSURES - Hilton Worldwide Holdings Inc. | q32015exhibit991.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32015exhibit311_ceoxcerti.htm |
| EX-32.2 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32015exhibit322_cfoxcerti.htm |
| EX-32.1 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32015exhibit321_ceoxcerti.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32015exhibit312_cfoxcerti.htm |
HILTON WORLDWIDE HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
(unaudited)
Nine Months Ended September 30, | |||||||
2015 | 2014 | ||||||
Earnings: | |||||||
Income before taxes | 1,155 | 854 | |||||
Equity in earnings from unconsolidated affiliates | (22 | ) | (16 | ) | |||
1,133 | 838 | ||||||
Add: | |||||||
Fixed charges | 533 | 579 | |||||
Distributed income of equity method investees | 22 | 20 | |||||
Subtract: | |||||||
Interest capitalized | (2 | ) | (2 | ) | |||
Earnings available for fixed charges | $ | 1,686 | $ | 1,435 | |||
Fixed Charges: | |||||||
Interest expense(1) | 431 | 467 | |||||
Interest capitalized | 2 | 2 | |||||
Estimated interest included in rent expense | 100 | 110 | |||||
Total Fixed Charges | $ | 533 | $ | 579 | |||
Ratio of Earnings to Fixed Charges | 3.2 | 2.5 | |||||
____________
(1) Includes the amortization of debt discounts, premiums and capitalized expenses related to indebtedness.