|                                                          | Year ended December 31 |
|---------------------------------------------------------------|------------------------|
| (Dollars in millions)                                         | 2010              |   | 2009  |   | 2008  |   | 2007  |   | 2006  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss)(a)                                            | $                      | 1,850  |   | $ | (2,915) |   | $ | 5,618  |   | $ | 13,932  |   | $ | 11,757  |
| Plus:                                                         |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Interest included in expense(b)             |                   | 14,956  |   |   | 17,482  |   |   | 24,751  |   |   | 22,672  |   |   | 17,838  |
|    One-third of rental expense(c)              |                   | 213  |   |   | 268  |   |   | 172  |   |   | 337  |   |   | 306  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Adjusted “earnings”(d)                            | $                      | 17,019  |   | $ | 14,835  |   | $ | 30,541  |   | $ | 36,941  |   | $ | 29,901  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed Charges:                                                |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest included in expense(b)                   | $                      | 14,956  |   | $ | 17,482  |   | $ | 24,751  |   | $ | 22,672  |   | $ | 17,838  |
|   Interest capitalized                              |                   | 39  |   |   | 39  |   |   | 65  |   |   | 80  |   |   | 77  |
|   One-third of rental expense(c)                    |                   | 213  |   |   | 268  |   |   | 172  |   |   | 337  |   |   | 306  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total fixed charges                                           | $                      | 15,208  |   | $ | 17,789  |   | $ | 24,988  |   | $ | 23,089  |   | $ | 18,221  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges                            |                   | 1.12  |   |   | 0.83  |   |   | 1.22  |   |   | 1.60  |   |   | 1.64  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred stock dividend requirements                         | $                      | 1  |   | $ | 1  |   | $ | 1  |   | $ | 1  |   | $ | 1  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings before provision for                        |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     income taxes to earnings from         |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       continuing operations     |                   |  0.69  |   |   |  (1.92) |   |   |  0.71  |   |   | 1.11  |   |   | 1.13  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred stock dividend factor on                            |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     pre-tax basis                         | $                      | 1  |   | $ | (2) |   | $ | 1  |   | $ | 1  |   | $ | 1  |
| Fixed charges                                                 |                   | 15,208  |   |   | 17,789  |   |   | 24,988  |   |   | 23,089  |   |   | 18,221  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total fixed charges and preferred                             |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     stock dividend requirements           | $                      | 15,209  |   | $ | 17,787  |   | $ | 24,989  |   | $ | 23,090  |   | $ | 18,222  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to combined fixed                           |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     charges and preferred stock dividends |                   | 1.12  |   |   | 0.83  |   |   | 1.22  |   |   | 1.60  |   |   | 1.64  |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (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 $2,954 million. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|