EX-12 2 tkr93017exhibit12.htm EXHIBIT 12 Exhibit
EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)


 
Nine Months Ended September 30,
 
2017
2016
Income before income taxes
$
202.7

$
213.8

 
 
 
Share of undistributed income from 50%-or-less-owned affiliates,
  excluding affiliates with guaranteed debt
(0.7
)
(0.7
)
Amortization of capitalized interest
0.4

0.4

Interest expense
26.5

25.1

Interest portion of rental expense
2.7

3.6

Earnings
$
231.6

$
242.2

 
 
 
Interest
27.1

25.8

Interest portion of rental expense
2.7

3.6

Fixed Charges
$
29.8

$
29.4

 
 
 
Ratio of Earnings to Fixed Charges
7.77

8.24