EXHIBIT 12

RATIO OF EARNINGS TO FIXED CHARGES

(In thousands except ratios)

	Six Months Ending 30-June-03
Earnings available for fixed charges:
Earnings (loss) before income taxes (1)	$	40,476
Add: Equity loss of minority-owned companies		888
Add: Dividends received from investees under the equity method		973
Add: Minority interest expense in majority-owned subsidiaries		301
Add: Fixed charges before capitalized interest		34,460
Add: Amortization of capitalized interest		3,658
Total earnings available for fixed charges	$	80,756
Fixed charges:
Interest expense	$	24,763
Interest portion of rental expense		9,679
Amortization of discount related to indebtedness		18
Total fixed charges before capitalized interest		34,460
Capitalized interest		3,000
Total fixed charges	$	37,460
Ratio of earnings to fixed charges		2.16

(1) Includes restructuring and impairment charges of $7.9 million ($4.7 million after-tax, or $0.04 per diluted share).