<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>12
<FILENAME>a2074124zex-12.txt
<DESCRIPTION>STATEMENT REG. COMPUTATION OF RATIOS OF EARNINGS
<TEXT>
<Page>

                                                                     EXHIBIT 12

Ratio of Earnings to Fixed Charges
(Amounts in million of dollars)

<Table>
<Caption>

                                                          2001                     2000                    1999
<S>                                                       <C>                      <C>                     <C>

Pre-tax income from continuing operations
before adjustment for income or loss from
equity investees                                          749                      416                     329

Fixed charges:

Interest costs and amoritization of debt
discount and premium on all indebtedness                  132                       43                      18

Rentals                                                    10                        6                       6

Total Fixed Charges                                       142                       49                      24

Pre-tax income from continuing operations
before adjustment for income or loss from
equity investees plus fixed charges                       874                      463                     347

Ratio of earnings to fixed charges                      6.15                     9.45                   14.46
</Table>


</TEXT>
</DOCUMENT>