EX-12 6 y66532exv12.txt COMPUTATION OF EARNINGS Exhibit 12 ArvinMeritor, Inc. Computation of Earnings to Fixed Charges Fiscal Year Ended September 30, 2002 Earnings Available for Fixed Charges: Pre-tax income from continuing operations $235 Adjustments: Equity in earnings (losses) of affiliates 22 plus dividends from affiliates ----- 257 Add fixed charges included in earnings: Interest expense 106 Interest element of rentals 11 ----- Total 117 ----- Total earnings available for fixed charges: $374 ----- Fixed Charges: Fixed charges included in earnings $117 Capitalized interest -- ----- Total fixed charges $117 ----- Ratio of Earnings to Fixed Charges (1) 3.20 ===== -------- 1 = "Earnings" are defined as pre-tax income from continuing operations, adjusted for equity in earnings (losses) of affiliates plus dividends from affiliates and fixed charges excluding capitalized interest. "Fixed charges" are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.