EX-12 2 tkr123116exhibit12.htm EXHIBIT 12 Exhibit
EXHIBIT 12

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


 
 
Twelve Months Ended December 31,
 
 
2016
2015
2014
2013
2012
Income (loss) from continuing operations before tax
 
$
222.1

$
(189.6
)
$
204.0

$
290.1

$
517.8

 
 
 
 
 
 
 
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt
 
$
(0.9
)
$
(0.8
)
$
(0.6
)
$
(0.4
)
$
0.5

Amortization of capitalized interest
 
0.6

0.6

0.9

(1.3
)
(1.3
)
Interest expense
 
33.5

33.4

28.7

24.4

31.1

Interest portion of rental expense
 
4.4

4.8

5.2

8.0

8.0

Earnings (loss)
 
$
259.7

$
(151.6
)
$
238.2

$
320.8

$
556.1

 
 
 
 
 
 
 
Interest
 
$
34.6

$
33.4

$
30.4

$
37.1

$
36.0

Interest portion of rental expense
 
4.4

4.8

5.2

8.0

8.0

Fixed Charges
 
$
39.0

$
38.2

$
35.6

$
45.1

$
44.0

 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
6.66

(3.97
)
6.69

7.11

12.64