Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018x10q.htm |
| EX-32 - SECTION 906 CERTIFICATION - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx32.htm |
| EX-31.2 - CFO 302 CERTIFICATION - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx312.htm |
| EX-31.1 - CEO 302 CERTIFICATION - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx311.htm |
| EX-10.6.2 - EXHIBIT 10.6.2 - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx1062.htm |
| EX-10.6.1 - EXHIBIT 10.6.1 - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx1061.htm |
| EX-10.9 - EXHIBIT 10.9 - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx109.htm |
| EX-10.8 - EXHIBIT 10.8 - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx108.htm |
| EX-10.7 - EXHIBIT 10.7 - MARRIOTT INTERNATIONAL INC /MD/ | mar-q12018xexx107.htm |
Exhibit 12
MARRIOTT INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | ||||||||
($ in millions, except ratio) | March 31, 2018 | March 31, 2017 | ||||||
Income before income taxes | $ | 502 | $ | 494 | ||||
Income related to equity method investees | (13 | ) | (11 | ) | ||||
489 | 483 | |||||||
Add/(deduct): | ||||||||
Fixed charges | 95 | 88 | ||||||
Interest capitalized | (1 | ) | — | |||||
Distributed income of equity method investees | 5 | 9 | ||||||
Earnings available for fixed charges | $ | 588 | $ | 580 | ||||
Fixed charges: | ||||||||
Interest expensed and capitalized (1) | $ | 76 | $ | 70 | ||||
Estimate of interest within rent expense | 19 | 18 | ||||||
Total fixed charges | $ | 95 | $ | 88 | ||||
Ratio of earnings to fixed charges | 6.2 | 6.6 | ||||||
(1) | “Interest expensed and capitalized” includes amortized premiums, discounts, and capitalized expenses related to indebtedness. |
Exhibit 12