|                                                                      |          |         |   | Ratio of        |
|---------------------------------------------------------------------------|---------------|--------------|--------|-----------------|
|                                                                      |          |         |   | earnings to     |
|                                                                      |          |         |   |            | combined |
|                                                                      | Ratio of      |         |   | fixed charges   |
|                                                                      | earnings to   |         |   | and preferred   |
|                                                                      | fixed charges |         |   | stock dividends |
| (Dollars in millions)                                                     |          |         |   |            |   |
|                                                                      |          |         |   |            |   |
| Earnings(a)                                                               | $             | 1,233   |   | $               | 1,233  |
| Plus:                                                                     |          |         |   |            |   |
|    Interest included in expense(b)                         |          | 11,598  |   |            | 11,598  |
|    One-third of rental expense(c)                          |          | 168     |   |            | 168  |
| Adjusted “earnings”                                           | $             | 12,999  |   | $               | 12,999  |
|                                                                      |          |         |   |            |   |
| Fixed charges:                                                            |          |         |   |            |   |
|   Interest included in expense(b)                               | $             | 11,598  |   | $               | 11,598  |
|   Interest capitalized                                          |          | 30      |   |            | 30  |
|   One-third of rental expense(c)                                |          | 168     |   |            | 168  |
| Total fixed charges                                                       | $             | 11,796  |   | $               | 11,796  |
|                                                                      |          |         |   |            |   |
| Ratio of earnings to fixed charges                                        |          | 1.10    |   |            |   |
|                                                                      |          |         |   |            |   |
| Preferred stock dividend requirements                                     |          |         |   | $               | –  |
|                                                                      |          |         |   |            |   |
| Ratio of earnings before provision for income taxes to earnings from      |          |         |   |            |   |
|    continuing operations                                   |          |         |   |            | 0.62  |
|                                                                      |          |         |   |            |   |
| Preferred stock dividend factor on pre-tax basis                          |          |         |   |            | –  |
| Fixed charges                                                             |          |         |   | $               | 11,796  |
|                                                                      |          |         |   |            |   |
| Total fixed charges and preferred stock dividend requirements             |          |         |   | $               | 11,796  |
|                                                                      |          |         |   |            |   |
| Ratio of earnings to combined fixed charges and preferred stock dividends |          |         |   |            | 1.10  |
|                                                                      |          |         |   |            |   |
|                                                                      |          |         |   |            |   |
|                                                                      |          |         |   |            |   |

| (a)   | Earnings 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. |
|-----------------|-----------------------------------------------------------------------|