Nine Months
ended
September 30,
2011

Year ended December 31,

(Dollars in millions)

2010

2009

2008

2007

2006

Earnings (loss)(a)

$

5,618

$

2,027

$

(2,693

)

$

6,157

$

13,526

$

11,915

Plus:

Interest included in expense(b)

10,721

14,924

17,491

24,654

22,420

17,605

One-third of rental expense(c)

153

212

267

171

336

306

Adjusted “earnings”(d)

$

16,492

$

17,163

$

15,065

$

30,982

$

36,282

$

29,826

Fixed Charges:

Interest included in expense(b)

$

10,721

$

14,924

$

17,491

$

24,654

$

22,420

$

17,605

Interest capitalized

19

39

39

65

80

77

One-third of rental expense(c)

153

212

267

171

336

306

Total fixed charges

$

10,893

$

15,175

$

17,797

$

24,890

$

22,836

$

17,988

Ratio of earnings to fixed charges

1.51

1.13

0.85

1.24

1.59

1.66

(a)

Earnings (loss) before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

(b)

Included interest on tax deficiencies.

(c)

Considered to be representative of interest factor in rental expense.

(d)

In accordance with item 503 of SEC Regulation S-K, we are required to disclose the amount of earnings needed to achieve a one-to-one ratio of earnings to fixed charges. As of December 31, 2009, this amount was $2,732 million.