EX-12.1 2 k50033exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratio of earnings to fixed charges)
                                                 
            Two Month     Ten Month        
    Year Ended     Period Ended     Period Ended        
    December 31,     December 31,     November 7,     Year Ended December 31,  
    2010     2009     2009     2008     2007     2006  
Consolidated income (loss) before provision (benefit) for income taxes, equity in net (income) loss of afffiliates and cumulative effect of a change in accounting principle
   $ 448.8     $ (33.8 )   $ 927.6     $ (541.4 )   $ 323.2     $ (653.4 )
Fixed charges
     82.1       15.3       177.5       226.9       235.9       254.4  
Distributed income of affiliates
     7.4       0.6       4.7       4.1       7.3       1.6  
 
                                    
Earnings
   $ 538.3     $ (17.9 )   $ 1,109.8     $ (310.4 )   $ 566.4     $ (397.4 )
 
                                    
 
                                                
Interest expense
   $ 55.4     $ 11.1     $ 151.4     $ 190.3     $ 199.2     $ 209.8  
Portion of lease expense representative of interest
     26.7       4.2       26.1       36.6       36.7       44.6  
 
                                    
Fixed charges
   $ 82.1     $ 15.3     $ 177.5     $ 226.9     $ 235.9     $ 254.4  
 
                                    
 
                                                
Ratio of Earnings to Fixed
Charges (1)
     6.6       —       6.3       —       2.4       —  
 
                                                
Fixed Charges in Excess of Earnings
   $ —     $ 33.2     $ —     $ 537.3     $ —     $ 651.8  
 
(1)   Earnings in the two month period ended December 31, 2009, and in the years ended December 31, 2008 and 2006, were not sufficient to cover fixed charges by $33.2 million, $537.3 million and $651.8 million, respectively. Accordingly, such ratios are not presented.