Exhibit 12.1

Computation of the Ratio of Earnings to Fixed Charges (1)

Years Ended June 30 (In millions, except ratios)	FY 2004		FY 2003		FY 2002		FY 2001		FY 2000
Earnings from continuing operations before income taxes	752		718		477		401		553
Additions:
Amortization of capitalized interest	2		2		2		2		1
Dividends from investees	9		5		6		6		6
Deductions:
Capitalized interest	(1	)	(1	)	(1	)	(1	)	—
Undistributed income of equity investees	(12	)	(5	)	(12	)	(12	)	(14	)
Subtotal	750		719		472		396		546
Interest expense	30		28		38		88		98
Capitalized interest	1		1		1		1		—
Portion of rental expense attributable to interest	5		4		5		4		4
Total Fixed Charges	36		33		44		93		102
Total Earnings	786		752		516		489		648
Ratio of earnings to fixed charges	22		22		12		5		6

(1) Ratios based on unrounded numbers

Computation of the Ratio of Earnings to Fixed Charges (1)

Years Ended June 30 (In millions, except ratios)	Six Months Ended 12/31/04		Six Months Ended 12/31/03		Three Months Ended 12/31/04		Three Months Ended 12/31/03
Earnings from continuing operations before income taxes	361		332		194		154
Additions:
Amortization of capitalized interest	1		1		1		1
Dividends from investees	4		8		0		—
Deductions:
Capitalized interest	—		(1	)	—		—
Undistributed income of equity investees	(7	)	(6	)	(4	)	(3	)
Subtotal	359		334		191		152
Interest expense	25		13		17		7
Capitalized interest	—		1		—		—
Portion of rental expense attributable to interest	2		2		1		1
Total Fixed Charges	27		16		18		8
Total Earnings	386		350		209		160
Ratio of earnings to fixed charges	14		22		12		19

(1) Ratios based on unrounded numbers