EX-12 6 l99773aexv12.txt EX-12 COMPUTATION OF RATIO OF EARNINGS/FIXED CHRGS . . . EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Quarters Ended --------------------------- March 28, March 29, (In millions, except ratios) 2003 2002 --------- --------- EARNINGS: Net Income $ 58.8 $ 56.0 Plus: Income taxes 30.3 28.8 Fixed charges 24.3 26.4 Amortization of capitalized interest - - Less: Interest capitalized during the period - - Undistributed earnings in equity investments - (1.8) ------- ------- $ 113.4 $ 113.0 ======= ======= FIXED CHARGES: Interest expense $ 18.8 $ 21.0 Plus: Interest capitalized during the period - - Portion of rents deemed representative of the interest factor 5.5 5.4 ------- ------- $ 24.3 $ 26.4 ======= ======= RATIO OF EARNINGS TO FIXED CHARGES 4.67 4.28