Six Months Ended | |||
June 30, 2018 | |||
Income before income taxes | $ | 146.0 | |
Income recognized on less than fifty percent owned persons | (2.4 | ) | |
Noncontrolling interest in the income of subsidiary with fixed charges | (5.3 | ) | |
$ | 138.3 | ||
Fixed Charges: | |||
Interest expense | $ | 49.5 | |
Portion of rents deemed to be interest | 4.1 | ||
Capitalized interest | 2.1 | ||
Amortization of debt expense | 1.8 | ||
Fixed charges excluding capitalized interest | 57.5 | ||
Earnings adjustments: | |||
Capitalized interest | (2.1 | ) | |
Earnings, as adjusted | $ | 193.7 | |
Ratio of earnings to fixed charges | 3.4 |