##### 



Exhibit 12.1  Ratio of Earnings to Fixed Charges

(dollars in millions)

|                                            |                                   |                                                                                                                                                         |        |                                  |        |      |     |      |      |      |      |      |     |   |        |    |        |   |     |    |      |  
|------------------------------------------- | --------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- | ------ | -------------------------------- | ------ | ---- | --- | ---- | ---- | ---- | ---- | ---- | --- | - | ------ | -- | ------ | - | --- | -- | ---- | -
|                                            |                                   |                                                                                                                                                         |        | For the Years Ended December 31,
|                                            |                                   |                                                                                                                                                         |        |                                 
|                                            |                                   |                                                                                                                                                         |        | 2002                             |        | 2001 |     | 2000 |      | 1999 |      | 1998
|                                            |                                   |                                                                                                                                                         |        |                                  |        |      |     |      |      |      |      |     
|Earnings:                                   |                                   |                                                                                                                                                         |        |                                  |        |      |     |      |      |      |      |      |     |   |        |    |        |   |     |   
|Income (loss) from continuing operations    |                                   | $                                                                                                                                                       | (2,881 | )                                |        | $    | 51  |      |      | $    | 148  |      |     | $ | (1,247 | )  |        | $ | 29  |   
|Adjustments:                                |                                   |                                                                                                                                                         |        |                                  |        |      |     |      |      |      |      |      |     |   |        |    |        |   |     |   
|                                            |                                   | Minority interests in consolidated subsidiaries                                                                                                         |        |                                  | 2      |      |     |      | 8    |      |      |      | 2   |   |        |    | 0      |   |     |    | (3   | )
|                                            |                                   | Income (loss) from equity investees                                                                                                                     |        |                                  | (48    | )    |     |      | (79  | )    |      |      | (65 | ) |        |    | (64    | ) |     |    | (117 | )
|                                            |                                   | Income (loss) from continuing operations before adjustments
for minority interests in consolidated subsidiaries or income or
loss from equity investees |        |                                  | (2,927 | )    |     |      | (20  | )    |      |      | 85  |   |        |    | (1,311 | ) |     |    | (91  | )
|Adjustments:                                |                                   |                                                                                                                                                         |        |                                  |        |      |     |      |      |      |      |      |     |   |        |    |        |   |     |   
|                                            |                                   | Fixed charges (as below)                                                                                                                                |        |                                  | 454    |      |     |      | 277  |      |      |      | 224 |   |        |    | 187    |   |     |    | 163  |  
|                                            |                                   | Amortization of capitalized interest                                                                                                                    |        |                                  | 2      |      |     |      | 9    |      |      |      | 7   |   |        |    | 7      |   |     |    | 7    |  
|                                            |                                   | Distributed income from equity investees                                                                                                                |        |                                  | 48     |      |     |      | 68   |      |      |      | 104 |   |        |    | 66     |   |     |    | 69   |  
|                                            |                                   | Capitalized interest                                                                                                                                    |        |                                  | (193   | )    |     |      | (117 | )    |      |      | (46 | ) |        |    | (7     | ) |     |    | (1   | )
|                                            |                                   | Preferred stock accretion expense                                                                                                                       |        |                                  | 0      |      |     |      | 0    |      |      |      | 0   |   |        |    | 0      |   |     |    | (1   | )
|                                            |                                   | Total adjusted earnings                                                                                                                                 |        | $                                | (2,616 | )    |     | $    | 217  |      |      | $    | 374 |   |        | $  | (1,058 | ) |     | $  | 146  |  
|Fixed Charges:                              |                                   |                                                                                                                                                         |        |                                  |        |      |     |      |      |      |      |      |     |   |        |    |        |   |     |   
|                                            |                                   | Interest expensed and capitalized                                                                                                                       |        | $                                | 395    |      |     | $    | 251  |      |      | $    | 201 |   |        | $  | 169    |   |     | $  | 151  |  
|                                            | Amortized financing costs         |                                                                                                                                                         |        | 35                               |        |      |     | 8    |      |      |      | 3    |     |   |        | 3  |        |   |     | 2  |     
|                                            | Interest component of rents       |                                                                                                                                                         |        | 24                               |        |      |     | 18   |      |      |      | 20   |     |   |        | 15 |        |   |     | 10 |     
|                                            | Preferred stock accretion expense |                                                                                                                                                         |        | 0                                |        |      |     | 0    |      |      |      | 0    |     |   |        | 0  |        |   |     | (1 | )   
|Total fixed charges                         |                                   | $                                                                                                                                                       | 454    |                                  |        | $    | 277 |      |      | $    | 224  |      |     | $ | 187    |    |        | $ | 162 |   
|                                           
|Ratio
of earnings to fixed charges(1)(2)(3) | (5.8                              | )                                                                                                                                                       |        |                                  | 0.8    |      |     |      | 1.7  |      | (5.7 | )    |     |   | 0.9    |   

(1)  For purposes of calculating the ratio of earnings to fixed charges, earnings consists of earnings from continuing operations before income taxes and
fixed charges (exclusive of interest capitalized). Fixed charges consist of interest on all indebtedness (including amounts capitalized), amortization of
debt issuance costs and the portion of lease rental expense that represents a reasonable approximation of the interest factor.

(2)  The ratio of earnings to fixed charges is negative. The amount of the coverage deficiency is $3,070.

(3)  The ratio of earnings to fixed charges is negative. The amount of the coverage deficiency is $1,245.