EX-12.1 6 lea-20151231xexx121.htm EXHIBIT 12.1 Exhibit




 
 
 
 
 
 
 
 
 
Exhibit 12.1

 
 
 
 
 
 
 
 
 
 
Computation of Ratios of Earnings to Fixed Charges
(In millions, except ratio of earnings to fixed charges)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended
 
Year Ended
 
Year Ended
 
Year Ended
 
Year Ended
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
Consolidated income before provision (benefit) for
income taxes and equity in net income of affiliates
$
1,031.5

 
$
787.4

 
$
610.1

 
$
648.9

 
$
615.7

Fixed charges
128.8

 
110.2

 
107.5

 
86.2

 
72.8

Distributed income of affiliates
54.1

 
25.0

 
17.6

 
14.0

 
43.6

Earnings
$
1,214.4

 
$
922.6

 
$
735.2

 
$
749.1

 
$
732.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
86.7

 
$
67.5

 
$
68.4

 
$
49.9

 
$
39.7

Portion of lease expense representative of interest
42.1

 
42.7

 
39.1

 
36.3

 
33.1

Fixed charges
$
128.8

 
$
110.2

 
$
107.5

 
$
86.2

 
$
72.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
9.4

 
8.4

 
6.8

 
8.7

 
10.1