EX-12 3 dex12.htm STATEMENT RE: COMPUTATION OF THE RATIOS Statement Re: Computation of the Ratios

EXHIBIT 12—RATIO OF EARNINGS TO FIXED CHARGES

 

WHIRLPOOL CORPORATION AND SUBSIDIARIES

 

     Year Ended
December 31,
     2004
    2003

Earnings

              

Earnings from continuing operations before income taxes and other items

    $ 616    $ 652

Portion of rents representative of the interest factor

      25      21

Interest on indebtedness

      128      137

Amortization of debt expense and premium

      1      1

WFC preferred stock dividend

      —        2
    
  
     $ 770    $ 813
    
  

Fixed charges

              

Portion of rents representative of the interest factor

    $ 25    $ 21

Interest on indebtedness

      128      137

Amortization of debt expense and premium

      1      1

WFC preferred stock dividend

      —        2
    
  
     $ 153    $ 161
    
  

Ratio of earnings to fixed charges

      5.0      5.0