EX-12 2 ex12-1.htm Statement of Computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

 

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in millions, except ratio information)

 

     Fiscal Years Ended December 31,

  

 

 

     2001

   2002

   2003

   2004

   2005

  

Income (loss) from continuing

                             

operations before income taxes

   332.3    432.3    540.4    615.3    640.7     
    
  
  
  
  
  

Fixed Charges:

                             

Interest on long-term and short-term debt including amortization of debt expense

   27.0    19.2    40.9    36.1    34.4     

Portion of rental expense as can be demonstrated to be representative of the interest factor

   24.9    28.7    34.7    35.5    39.9     
    
  
  
  
  
  

Total fixed charges

   51.9    47.9    75.6    71.6    74.3     
    
  
  
  
  
  

Earnings before income taxes plus fixed charges

   384.2    480.2    616.0    686.9    715.0     
    
  
  
  
  
  

Ratio of earnings to fixed charges

   7.40    10.03    8.15    9.59    9.62