EX-12 5 k71218exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 ArvinMeritor, Inc. Computation of Earnings to Fixed Charges Nine-Months Ended June 30, 2002 Earnings Available for Fixed Charges: Pre-tax income from continuing operations $172 Adjustments: Undistributed income of affiliates 14 ---- 186 Add fixed charges included in earnings: Interest expense 79 Interest element of rentals 5 ---- Total 84 ---- Total earnings available for fixed charges: $270 ---- Fixed Charges: Fixed charges included in earnings $ 84 Capitalized interest - ---- Total fixed charges $ 84 ---- Ratio of Earnings to Fixed Charges (1) 3.21 ====
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.