EX-12 4 l92409aex12.txt EXHIBIT 12 - RATIO OF EARNINGS OF FIXED CHARGES EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Two Quarters Ended -------------------------- December 28, December 29, (In millions, except ratios) 2001 2000 -------- -------- EARNINGS: Net Income (Loss) $ 33.5 $ (18.8) Plus: Income taxes 17.2 29.5 Fixed charges 18.5 21.2 Amortization of capitalized interest -- -- Less: Interest capitalized during the period -- -- Undistributed earnings in equity investments (0.2) 4.7 -------- -------- $ 69.4 $ 27.2 ======== ======== FIXED CHARGES: Interest expense $ 14.9 $ 17.6 Plus: Interest capitalized during the period -- -- Portion of rents deemed representative of the interest factor 3.6 3.6 -------- -------- $ 18.5 $ 21.2 ======== ======== RATIO OF EARNINGS TO FIXED CHARGES 3.75 1.28