EX-12.1 6 e24355_ex12-1.htm COMPUTATION OF RATIO Untitled Document

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions, except ratios)

  Six months ended
June 30,

For the years ended December 31,
Earnings as defined: 2006
2005
2005
2004
2003
2002
2001
     Income before income taxes, as reported . $661.2 $612.9 $1,280.6 $1,178.8 $1,049.1 $  954.4 $  816.3
     Add: Dividends from affiliates 6.2 6.5 16.2 13.9 15.9 17.2 28.4
               Interest expense 57.7 35.6 78.0 51.1 57.9 45.5 90.9
               Interest factor (re: rentals)(a) 76.8 79.1 157.6 161.0 162.6 154.4 150.9
 






     Total earnings $801.9 $734.1 $1,532.4 $1,404.8 $1,285.5 $1,171.5 $1,086.5
 






Fixed charges as defined:              
     Interest expense $  57.7 $  35.6 $     78.0 $    51.1 $     57.9 $    45.5 $     90.9
     Interest factor (re: rentals)(a) 76.8 79.1 157.6 161.0 162.6 154.5 150.9
 






Total fixed charges $134.5 $114.7 $   235.6 $  212.1 $   220.5 $  200.0 $   241.8
 






Ratio of earnings to fixed charges 5.96x 6.40x 6.50x 6.62x 5.83x 5.86x 4.49x

(a) The interest factor related to rentals reflects the appropriate portion of rental expense representative of an interest factor.