EX-12.1 2 exhibit1212012.htm EXHIBIT EXHIBIT 12.1 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,
 
 
2008
 
2009
 
2010
 
2011
 
2012
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income taxes
 
$
785.7

 
$
884.6

 
$
915.6

 
$
866.1

 
$
944.2

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest on long-term and
 
 
 
 
 
 
 
 
 
 
short-term debt including
 
 
 
 
 
 
 
 
 
 
amortization of debt expense
 
72.0

 
62.9

 
70.0

 
87.5

 
94.5

 
 
 
 
 
 
 
 
 
 
 
Portion of rental expense as can be
 
 
 
 
 
 
 
 
 
 
demonstrated to be representative
 
 
 
 
 
 
 
 
 
 
of the interest factor
 
58.4

 
61.0

 
67.4

 
73.4

 
75.3

 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
130.4

 
123.9

 
137.4

 
160.9

 
169.8

 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and
 
 
 
 
 
 
 
 
 
 
fixed charges
 
$
916.1

 
$
1,008.5

 
$
1,053.0

 
$
1,027.0

 
$
1,114.0

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.03

 
8.14

 
7.66

 
6.38

 
6.56