EX-12 2 tkr63017exhibit12.htm EXHIBIT 12 Exhibit
EXHIBIT 12

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


 
Six Months Ended June 30,
 
2017
2016
Income before income taxes
$
127.5

$
164.6

 
 
 
Share of undistributed income from 50%-or-less-owned affiliates,
  excluding affiliates with guaranteed debt
(0.4
)
(0.4
)
Amortization of capitalized interest
0.3

0.3

Interest expense
16.4

17.1

Interest portion of rental expense
1.8

2.4

Earnings
$
145.6

$
184.0

 
 
 
Interest
16.7

17.5

Interest portion of rental expense
1.8

2.4

Fixed Charges
$
18.5

$
19.9

 
 
 
Ratio of Earnings to Fixed Charges
7.87

9.25