EX-12 4 tkr-20131231xex12.htm EXHIBIT 12 TKR-2013.12.31-EX12


EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)


 
 
 Years Ended December 31,
 
 
2013
2012
2011
2010
2009
Income (loss) from continuing operations before tax
 
$
417.1

$
766.0

$
696.8

$
405.5

$
(94.2
)
 
 
 
 
 
 
 
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt
 
$
(0.4
)
$
0.5

$
0.5

$
(0.2
)
$
0.9

Amortization of capitalized interest
 
2.0

2.0

2.0

2.0

1.9

Interest expense
 
24.4

31.1

36.8

38.2

41.9

Interest portion of rental expense
 
8.0

8.5

7.2

8.0

8.5

Earnings (loss)
 
$
451.1

$
808.1

$
743.3

$
453.5

$
(41.0
)
 
 
 
 
 
 
 
Interest
 
$
37.1

$
36.0

$
38.0

$
38.9

$
43.7

Interest portion of rental expense
 
8.0

8.5

7.2

8.0

8.5

Fixed Charges
 
$
45.1

$
44.5

$
45.2

$
46.9

$
52.2

 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
10.00

18.16

16.44

9.67

(0.79
)