EX-12.2 6 dex122.txt STMT RE:COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.2 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
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 ========== ========== ========== ========== ========== Combined Fixed Charges and Preferred Stock Dividends 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 Preferred Stock Dividends -- -- -- 2.9 19.5 ---------- ---------- ---------- ---------- ---------- Total Combined Fixed Charges and Preferred Stock Dividends $ 189.0 $ 197.1 $ 155.2 $ 141.2 $ 120.6 ========== ========== ========== ========== ========== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends 5.4 5.4 (0.1) 7.5 8.4
(a) Generally deemed to be one-third of rental expense.