EX-12 8 y69553exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 ArvinMeritor, Inc. Computation of Earnings to Fixed Charges Twelve Months Ended September 30, 2004 Earnings Available for Fixed Charges: Pre-tax income from continuing operations $ 179 Adjustments: Equity in earnings (losses) of affiliates plus dividends from affiliates (4) ----- 175 Add fixed charges included in earnings: Interest expense 107 Interest element of rentals 11 ----- Total 118 ----- Total earnings available for fixed charges: $ 293 ----- Fixed Charges: Fixed charges included in earnings $ 118 Capitalized interest -- ----- Total fixed charges $ 118 ----- Ratio of Earnings to Fixed Charges (1) 2.48 =====
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.