Attached files
| file | filename |
|---|---|
| EX-32.1 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32016exhibit321_ceoxcerti.htm |
| 10-Q - 10-Q - Hilton Worldwide Holdings Inc. | q32016hwhfsandmda.htm |
| EX-99.1 - SECTION 13(R) DISCLOSURES - Hilton Worldwide Holdings Inc. | q32016exhibit991_13riranex.htm |
| EX-32.2 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32016exhibit322_cfoxcerti.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32016exhibit312_cfoxcerti.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc. | q32016exhibit311_ceoxcerti.htm |
| EX-4.7 - SECOND SUPPLEMENTAL INDENTURE - Hilton Worldwide Holdings Inc. | q32016exhibit47_secondxsup.htm |
| EX-4.6 - FIRST SUPPLEMENTAL INDENTURE - Hilton Worldwide Holdings Inc. | q32016exhibit46_firstxsupp.htm |
| EX-4.5 - FIFTH SUPPLEMENTAL INDENTURE - Hilton Worldwide Holdings Inc. | q32016exhibit45_fifthxsupp.htm |
| EX-4.4 - FOURTH SUPPLEMENTAL INDENTURE - Hilton Worldwide Holdings Inc. | q32016exhibit44_fourthxsup.htm |
HILTON WORLDWIDE HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
(unaudited)
Nine Months Ended | |||||||
September 30, | |||||||
2016 | 2015 | ||||||
Earnings: | |||||||
Income before taxes | $ | 1,001 | $ | 1,155 | |||
Equity in earnings from unconsolidated affiliates | (18 | ) | (22 | ) | |||
983 | 1,133 | ||||||
Add: | |||||||
Fixed charges | 537 | 533 | |||||
Distributed income of equity method investees | 15 | 22 | |||||
Subtract: | |||||||
Interest capitalized | (3 | ) | (2 | ) | |||
Earnings available for fixed charges | $ | 1,532 | $ | 1,686 | |||
Fixed Charges: | |||||||
Interest expense(1) | $ | 434 | $ | 431 | |||
Interest capitalized | 3 | 2 | |||||
Estimated interest included in rent expense | 100 | 100 | |||||
Total Fixed Charges | $ | 537 | $ | 533 | |||
Ratio of Earnings to Fixed Charges | 2.9 | 3.2 | |||||
____________
(1) Includes the amortization of debt discounts, premiums and capitalized expenses related to indebtedness.