EX-12 11 exhibit1293012.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12 9.30.12


EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in millions)
 
2012
 
2011
 
2010
 
2009
 
2008
for the fiscal years ended September 30,
 
 
 
 
 
Income before taxes excluding equity in income of investees, noncontrolling interests of consolidated subsidiaries and capitalized interest
 
$
2,609.6

 
$
2,625.3

 
$
2,050.2

 
$
1,270.8

 
$
2,219.6

Additions:
 
 
 
 

 
 

 
 

 
 

Dividends received from equity method investees
 
7.9

 
20.0

 
18.1

 
7.2

 
10.9

Interest on uncertain tax positions included in income before taxes
 
(0.3
)
 
3.2

 
5.1

 
3.5

 
4.3

Fixed charges
 
 
 
 

 
 

 
 

 
 

Interest expense - excluding interest on deposits
 
45.4

 
53.7

 
18.4

 
6.4

 
30.0

Interest expense - deposits
 
2.9

 
4.1

 
4.7

 
6.1

 
8.9

Interest on uncertain tax positions not related to third party
 
0.3

 
(3.2
)
 
(5.1
)
 
(3.5
)
 
(4.3
)
Interest factor on rent1
 
19.5

 
20.7

 
22.2

 
19.6

 
19.2

Total fixed charges
 
68.1

 
75.3

 
40.2

 
28.6

 
53.8

Adjusted earnings
 
$
2,685.3

 
$
2,723.8

 
$
2,113.6

 
$
1,310.1

 
$
2,288.6

Ratio of adjusted earnings to fixed charges including interest on deposits
 
39.4

 
36.2

 
52.6

 
45.8

 
42.5

Ratio of adjusted earnings to fixed charges excluding interest on deposits
 
41.1

 
38.2

 
59.4

 
58.0

 
50.8

________________
1        Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest).