EX-12 3 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions of dollars)

 

     Six Months Ended    Twelve Months Ended December 31,
     6/30/06    6/30/05    2005    2004    2003    2002    2001

Earnings

                    

Income from continuing operations before income tax

   $ 203.9    $ 225.9    $ 356.2    $ 422.6    $ 315.1    $ 363.5    $ 297.3

Interest expense (excluding amount capitalized)

     26.9      22.0      46.7      45.9      46.9      42.1      58.8

Portion of rental expense under operating leases representative of an interest factor

     8.0      7.6      14.0      13.3      12.5      11.2      10.6
                                                

Total earnings

   $ 238.8    $ 255.5    $ 416.9    $ 481.8    $ 374.5    $ 416.8    $ 366.7
                                                

Fixed charges

                    

Interest expense (including amount capitalized)

   $ 27.7    $ 22.6    $ 48.3    $ 46.9    $ 48.0    $ 43.3    $ 60.2

Portion of rental expense under operating leases representative of an interest factor

     8.0      7.6      14.0      13.3      12.5      11.2      10.6
                                                

Total fixed charges

   $ 35.7    $ 30.2    $ 62.3    $ 60.2    $ 60.5    $ 54.5    $ 70.8
                                                

Ratio of earnings to fixed charges

     6.7      8.5      6.7      8.0      6.2      7.6      5.2
                                                

Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.