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Exhibit 12
HILTON WORLDWIDE HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
(unaudited)
Six Months Ended | |||||||
June 30, | |||||||
2017 | 2016 | ||||||
Earnings: | |||||||
Income from continuing operations before income taxes | $ | 385 | $ | 233 | |||
Equity in earnings from unconsolidated affiliates | (1 | ) | (1 | ) | |||
384 | 232 | ||||||
Add: | |||||||
Fixed charges | 258 | 243 | |||||
Distributed income of equity method investees | 1 | 2 | |||||
Earnings available for fixed charges | $ | 643 | $ | 477 | |||
Fixed Charges: | |||||||
Interest expense(1) | $ | 204 | $ | 189 | |||
Estimated interest included in rent expense | 54 | 54 | |||||
Total Fixed Charges | $ | 258 | $ | 243 | |||
Ratio of Earnings to Fixed Charges | 2.5 | 2.0 |
____________
(1) Includes the amortization of debt discounts and capitalized expenses related to indebtedness.