EX-12 5 l93884aex12.txt EX-12 RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Quarters Ended ------------------------------- March 29, March 30, (In millions, except ratios) 2002 2001 ------------- ------------- EARNINGS: Net Income (Loss) $ 56.0 $ (7.7) Plus: Income taxes 28.8 35.4 Fixed charges 26.4 32.0 Amortization of capitalized interest -- -- Less: Interest capitalized during the period -- -- Undistributed earnings in equity investments (1.8) 1.3 ------- ------- $ 113.0 $ 58.4 ======= ======= FIXED CHARGES: Interest expense $ 21.0 $ 26.6 Plus: Interest capitalized during the period -- -- Portion of rents deemed representative of the interest factor 5.4 5.4 ------- ------- $ 26.4 $ 32.0 ======= ======= RATIO OF EARNINGS TO FIXED CHARGES 4.28 1.83