EX-12 5 y92432exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 ArvinMeritor, Inc. Computation of Earnings to Fixed Charges Fiscal Year Ended September 30, 2003 Earnings Available for Fixed Charges: Pre-tax income from continuing operations $ 213 Adjustments: Equity in earnings (losses) of affiliates plus dividends from affiliates 12 -------- 225 Add fixed charges included in earnings: Interest expense 106 Interest element of rentals 13 -------- Total 119 -------- Total earnings available for fixed charges: $ 344 -------- Fixed Charges: Fixed charges included in earnings $ 119 Capitalized interest -- -------- Total fixed charges $ 119 -------- Ratio of Earnings to Fixed Charges (1) 2.89 ========
1 = "Earnings" are defined as pre-tax income from continuing operations, adjusted for undistributed earnings of less than majority owned subsidiaries 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.