EX-12 4 l41126exv12.htm EX-12 exv12
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
                                         
    Years Ended December 31,  
    2010     2009     2008     2007     2006  
     
Income (loss) from continuing operations before tax
   $ 405.5     $ (94.2 )   $ 439.6     $ 264.7     $ 208.6  
Share of undistributed losses from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt
     (0.2 )     0.9       (1.4 )     1.3       5.7  
Amortization of capitalized interest
     4.6       4.1       1.8       1.4       1.2  
Interest expense
     38.2       41.9       44.4       42.3       49.0  
Interest portion of rental expense
     8.0       8.5       8.7       7.5       5.0  
     
Earnings (loss)
   $ 456.1     $ (38.8 )   $ 493.1     $ 317.2     $ 269.5  
     
 
                                        
Interest
   $ 38.9     $ 43.7     $ 47.4     $ 48.0     $ 52.3  
Interest portion of rental expense
     8.0       8.5       8.7       7.5       5.0  
     
Fixed Charges
   $ 46.9     $ 52.2     $ 56.1     $ 55.5     $ 57.3  
     
 
                                        
Ratio of Earnings to Fixed Charges
     9.72       (0.74 )     8.79       5.72       4.70