EX-12 5 k64428ex12.txt COMPUTATION OF EARNINGS 1 EXHIBIT 12 ArvinMeritor, Inc. Computation of Earnings to Fixed Charges Nine Months Ended June 30, 2001 Earnings Available for Fixed Charges: Pre-tax income from continuing operations $ 70 Adjustments: Undistributed income of affiliates - -------- 70 Add fixed charges included in earnings: Interest expense 110 Interest element of rentals 6 -------- Total 116 -------- Total earnings available for fixed charges: $ 186 -------- Fixed Charges: Fixed charges included in earnings $ 116 Capitalized interest 1 -------- Total fixed charges $ 117 -------- Ratio of Earnings to Fixed Charges (1) 1.59 ========
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.