EX-12.1 5 dex121.txt STMT. RE: COMP. OF RATIO OF EARNINGS TO FIXED CHGS EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31 2001 2000 1999 1998 1997 (in millions, except ratios) --------------------------------------------------------------- Earnings Income (Loss) Before Income Taxes $ 825.1 $ 865.6 $ (165.5) $ 920.2 $ 916.7 Fixed Charges 189.0 197.1 155.2 138.3 101.1 ---------- ---------- ---------- ---------- ---------- Adjusted Earnings $ 1,014.1 $ 1,062.7 $ (10.3) $ 1,058.5 $ 1,017.8 ========== ========== ========== ========== ========== Fixed Charges Interest and Debt Expense $ 169.6 $ 181.8 $ 137.8 $ 119.9 $ 84.9 Amortization of Deferred Debt Costs 7.1 2.4 2.4 3.3 0.7 Portion of Rents Deemed Representative of Interest (a) 12.3 12.9 15.0 15.1 15.5 ---------- ---------- ---------- ---------- ---------- Total Fixed Charges $ 189.0 $ 197.1 $ 155.2 $ 138.3 $ 101.1 ========== ========== ========== ========== ========== Ratio of Earnings to Fixed Charges 5.4 5.4 (0.1) 7.7 10.1
(a) Generally deemed to be one-third of rental expense. 1