EX-12 2 c97413exv12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio data)
                                 
    Three Months Ended   Six Months Ended
    June 30,   June 30,
    2005   2004   2005   2004
Earnings available for fixed charges:
                                
Income from continuing operations
   $ 103.5     $ 58.5     $ 188.3     $ 90.6  
Fixed charges:
                                
Interest expense
     33.6       30.9       67.6       63.4  
Portion of rent determined to be interest (1)
     9.9       9.9       20.3       19.5  
Equity earnings
     (0.3 )     (0.3 )     (0.5 )     (0.5 )
     
 
   $ 146.7     $ 99.0     $ 275.7     $ 173.0  
     
 
                                
Fixed charges:
                                
Interest expense
   $ 33.6     $ 30.9     $ 67.6     $ 63.4  
Portion of rent determined to be interest (1)
     9.9       9.9       20.3       19.5  
     
 
   $ 43.5     $ 40.8     $ 87.9     $ 82.9  
     
 
                                
Ratio of earnings to fixed charges
     3.37       2.43       3.14       2.09  
     
 
(1)   A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases.