Ratio of Earnings To Combined Fixed Charges | |||||||||||||||||||
And Preferred Stock Dividend Requirements | |||||||||||||||||||
(In Millions) | |||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Consolidated pretax income (loss) from continuing operations | $ | 207.0 | $ | 313.1 | $ | (19.7 | ) | $ | 1,190.9 | $ | 1,105.4 | ||||||||
Undistributed earnings of non-consolidated affiliates | — | (0.1 | ) | (9.9 | ) | (74.4 | ) | (404.8 | ) | ||||||||||
Amortization of capitalized interest | 0.1 | 0.3 | 0.3 | 2.3 | 3.7 | ||||||||||||||
Interest expense | 201.1 | 230.0 | 178.3 | 189.9 | 208.8 | ||||||||||||||
Acceleration of debt issuance costs | 35.6 | 11.3 | 3.6 | — | 0.2 | ||||||||||||||
Interest portion of rental expense | 0.3 | 0.9 | 2.3 | 2.1 | 2.8 | ||||||||||||||
Total Earnings | $ | 444.1 | $ | 555.5 | $ | 154.9 | $ | 1,310.8 | $ | 916.1 | |||||||||
Interest expense | $ | 201.1 | $ | 230.0 | $ | 178.3 | $ | 189.9 | $ | 208.8 | |||||||||
Acceleration of debt issuance costs | 35.6 | 11.3 | 3.6 | — | 0.2 | ||||||||||||||
Interest portion of rental expense | 0.3 | 0.9 | 2.3 | 2.1 | 2.8 | ||||||||||||||
Preferred Stock dividend requirements | — | 38.4 | 51.2 | 48.7 | — | ||||||||||||||
Fixed Charges Requirements | $ | 237.0 | $ | 280.6 | $ | 235.4 | $ | 240.7 | $ | 211.8 | |||||||||
Fixed Charges and Preferred Stock Dividend Requirements | $ | 237.0 | $ | 280.6 | $ | 235.4 | $ | 240.7 | $ | 211.8 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 1.9 | 2.0 | (A) | 5.4 | 4.3 | ||||||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS | 1.9 | 2.0 | (A) | 5.4 | 4.3 | ||||||||||||||
(A) For the year ended December 31, 2014, there was a deficiency of earnings to cover the fixed charges of $235.4 million. | |||||||||||||||||||