EX-12.1 5 d238512dex121.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Computation of ratios of earnings to fixed charges

Exhibit 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(In millions, except ratio of earnings to fixed charges)

 

     Year Ended
December 31,		      Year Ended
December 31,		      Two Month
Period Ended
December 31,		     Ten Month
Period Ended
November 7,		     Year Ended December 31,  
     2011      2010      2009     2009     2008     2007  

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of afffiliates

    $ 615.7       $ 448.8       $ (33.8 )    $ (276.5 )    $ (541.4 )    $ 323.2   

Fixed charges

      72.8         82.1         15.3        177.5        226.9        235.9   

Distributed income of affiliates

      43.6         7.4         0.6        4.7        4.1        7.3   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Earnings

    $ 732.1       $ 538.3       $ (17.9 )    $ (94.3 )    $ (310.4 )    $ 566.4   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Interest expense

    $ 39.7       $ 55.4       $ 11.1      $ 151.4      $ 190.3      $ 199.2   

Portion of lease expense representative of interest

      33.1         26.7         4.2        26.1        36.6        36.7   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

    $ 72.8       $ 82.1       $ 15.3      $ 177.5      $ 226.9      $ 235.9   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges (1)

      10.1         6.6         —          —          —          2.4   

Fixed Charges in Excess of Earnings

    $ —         $ —         $ 33.2      $ 271.8      $ 537.3      $ —     

 

(1) Earnings in the two month period ended December 31, 2009, the ten month period ended November 7, 2009, and in the year ended December 31, 2008, were insufficient to cover fixed charges by $33.2 million, $271.8 million and $537.3 million, respectively. Accordingly, such ratios are not presented.