EX-12.1 2 exhibit121q32012.htm EXHIBIT Exhibit 12.1 Q3 2012


 
 
 
 
 
 
 
 
 
 
EXHIBIT 12.1
 
 
 
 
 
 
 
 
 
 
 
 
 
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in millions, except ratio information)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Years Ended December 31,
 
Nine Months Ended
 
 
2007
 
2008
 
2009
 
2010
 
2011
 
September 30, 2012
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
   before income taxes
 
802.3

 
785.7

 
884.6

 
915.6

 
866.1

 
752.7

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
   Interest on long-term and
 
 
 
 
 
 
 
 
 
 
 
 
     short-term debt including
 
 
 
 
 
 
 
 
 
 
 
 
     amortization of debt expense
 
56.6

 
72.0

 
62.9

 
70.0

 
87.5

 
66.9

 
 
 
 
 
 
 
 
 
 
 
 
 
   Portion of rental expense as can be
 
 
 
 
 
 
 
 
 
 
 
 
     demonstrated to be representative
 
 
 
 
 
 
 
 
 
 
 
 
     of the interest factor
 
53.0

 
58.4

 
61.0

 
67.4

 
73.4

 
56.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 Total fixed charges
 
109.6

 
130.4

 
123.9

 
137.4

 
160.9

 
123.6

 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and
 
 
 
 
 
 
 
 
 
 
 
 
   fixed charges
 
911.9

 
916.1

 
1,008.5

 
1,053.0

 
1,027.0

 
876.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
8.32

 
7.03

 
8.14

 
7.66

 
6.38

 
7.09