EX-12.1 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
                             
EXHIBIT 12.1
 
                                 
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
(dollars in millions, except ratio information)
 
                                 
     
Fiscal Years Ended December 31,
       
     
2005
   
2006
   
2007
   
2008
   
2009
 
                       
Adjusted (a)
     
 
                               
Income from continuing operations before income taxes
      640.7       720.9       802.3       785.7       884.6  
Fixed Charges:
                                         
   Interest on long-term and short-term debt
                                         
     including amortization of debt expense
      34.4       47.8       56.6       72.0       62.9  
                                           
   Portion of rental expense as can be demonstrated
                                         
     to be representative of the interest factor
      39.9       43.6       53.0       58.4       61.0  
                                           
 Total fixed charges
      74.3       91.4       109.6       130.4       123.9  
                                           
Earnings before income taxes and fixed charges
      715.0       812.3       911.9       916.1       1,008.5  
                                           
Ratio of earnings to fixed charges
      9.62       8.89       8.32       7.03       8.14  
                                           
(a)
 
In accordance with authoritative guidance in connection with noncontrolling interests in subsidiaries that
 
   
became effective January 1, 2009, the amounts reported for 2008 have been retrospectively adjusted.
 
   
Retrospective adoption was required as discussed in the New Accounting Pronouncements section of
 
   
Note 1, "Summary of Significant Accounting Policies," in Notes to Consolidated Financial Statements.