EX-12 2 p64518a1ex12.htm EX-12 ex12

Exhibit 12

                                                   
Nine months ended Year Ended March 31,
December 31, 2000 2000 1999 1998 1997 1996






Pretax earnings from operations 95.5 102.7 97.6 76.3 83.5 96.2
Plus: Interest expense 65.2 81.5 73.7 79.4 76.0 67.6
Amortization of debt expense and discounts .6 0.5 0.3 0.3 0.1
A portion of rental expense(1/3) 44.1 45.2 39.6 30.0 28.7 23.0






Subtotal(A) 205.4 229.9 211.2 186.0 188.3 186.8






Divided by:
Fixed charges Interest expense 65.2 81.5 73.7 79.4 76.0 67.6
A portion of rental expense(1/3) 44.1 45.2 39.6 30.0 28.7 23.0
Interest capitalized during the period 1.7 1.4 0.9 2.2 3.4 1.8
Amortization of debt expense and discounts .6 0.5 0.3 0.3 0.1






Subtotal(B) 111.6 128.6 114.5 111.9 108.2 92.4






Ratio of earnings to fixed charges(A)/(B) 1.84 1.79 1.84 1.66 1.74 2.02