EX-12 9 l89738bex12.txt EX-12 STMNT RE: COMP OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED ------------------------------------ JUNE 29, JUNE 30, JULY 2, 2001 2000 1999 -------- --------- ------- (MILLIONS OF DOLLARS, EXCEPT RATIOS) EARNINGS: Net Income................................................ $ 21.4 $25.0 $ 49.9 Plus: Income Taxes........................................ 51.0 13.5 28.1 Fixed Charges........................................ 41.8 32.4 17.2 Amortization of Capitalized Interest................. -- -- 0.1 Less: Interest Capitalized During the Period.............. -- -- (0.1) Undistributed earnings in equity investments.............. 8.0 12.0 (3.2) ====== ===== ====== $122.2 $82.9 $ 92.0 ====== ===== ====== FIXED CHARGES: Interest Expense.......................................... $ 34.8 $25.2 $ 9.8 Plus: Capitalized Interest................................ -- -- 0.1 Portion of Rents Deemed Representative of the Interest Factor............................................... 7.0 7.2 7.3 ------ ----- ------ $ 41.8 $32.4 $ 17.2 ====== ===== ====== RATIO OF EARNINGS TO FIXED CHARGES........................ 2.92 2.56 5.35 ====== ===== ======