EX-12 4 dex12.htm STATEMENT RE: COMPUTATION OF RATIOS STATEMENT RE: COMPUTATION OF RATIOS

 

EXHIBIT 12

 

EXHIBIT 12—RATIO OF EARNINGS TO FIXED CHARGES

 

WHIRLPOOL CORPORATION AND SUBSIDIARIES

 

    

Year Ended
December 31,

    

2002

   

2001

Earnings

              

Earnings from continuing operations before income taxes and other items

   

$

495

   

$

93

Portion of rents representative of the interest factor

   

 

18

   

 

25

Interest on indebtedness

   

 

143

   

 

162

Amortization of debt expense and premium

   

 

1

   

 

1

WFC preferred stock dividend

   

 

2

   

 

4

    
  
    

$

659

   

$

285

    
  

Fixed charges

              

Portion of rents representative of the interest factor

   

$

18

   

$

25

Interest on indebtedness

   

 

143

   

 

162

Amortization of debt expense and premium

   

 

1

   

 

1

WFC preferred stock dividend

   

 

2

   

 

4

    
  
    

$

164

   

$

192

    
  

Ratio of earnings to fixed charges

   

 

4.0

   

 

1.5