EX-12 5 arm-3q_04ex12.htm RATIO OF EARNINGS TO FIXED CHARGES

Exhibit-12.

ARVINMERITOR, INC.

Computation of Earnings to Fixed Charges
Nine Months Ended June 30, 2004



Earnings Available for Fixed Charges:        
   Pre-tax income from continuing operations     $ 174  
           
Adjustments:  
   Equity in earnings (losses) of affiliates plus dividends from affiliates    (5 )

     169  
Add fixed charges included in earnings:  
   Interest expense    78  
   Interest element of rentals    9  

      Total    87  

   Total earnings available for fixed charges:   $ 256  

Fixed Charges:  
   Fixed charges included in earnings   $ 87  
   Capitalized interest      

   Total fixed charges   $ 87  

   Ratio of Earnings to Fixed Charges (1)    2.94  

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.