EX-12.1 2 dex121.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re computation of ratio of earnings to fixed charges

EXHIBIT 12.1

 

FORTUNE BRANDS, INC. AND SUBSIDIARIES

STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)

 

     Years Ended December 31,
   

Nine Months
Ended
September 30,

2005

  
     2000
    2001
    2002
    2003
     2004
   

Earnings Available:

                                             

Income (loss) from continuing operations before income taxes, minority interests and extraordinary items

    $ 575.0    $ 587.1    $ 748.9    $ 842.6     $ 994.3    $ 680.0  

Less: Income (loss) of equity investees included above

      0.2      —        —        (0.7 )     0.5      (0.2 )

Capitalized interest

      0.6      0.1      0.3      0.1       —        —    
    
  
  
  
 
  
     $ 574.2    $ 587.0    $ 748.6    $ 843.2     $ 993.8    $ 680.2  

Fixed Charges:

                                             

Interest expense (including capitalized interest) and amortization of debt discount and expenses

    $ 135.6    $ 100.5    $ 76.9    $ 76.1     $ 90.2    $ 100.4  

Portion of rentals representative of an interest factor

      18.0      17.0      17.5      16.3       17.9      14.3  
    
  
  
  
 
  

Total Fixed Charges

      153.6      117.5      94.4      92.4       108.1      114.7  
    
  
  
  
 
  

Total Earnings Available

    $ 727.8    $ 704.5    $ 843.0    $ 935.6     $ 1,101.9    $ 794.9  
    
  
  
  
 
  

Ratio of Earnings to Fixed Charges

      4.74      6.00      8.93      10.13       10.19      6.93