EX-12 4 l97854aexv12.txt EXHIBIT 12 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE FIVE YEARS ENDED JUNE 30, 2002 AND FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2002
Fiscal Year Ended June 30, Three Months ---------------------------------------------------------------------- Ended ($'s in millions) 1998 1999 2000 2001 2002 September 30, 2002 --------- -------- ----------- ----------- ----------- ------------------ Earnings from continuing operations before income taxes $ 734.4 $ 821.7 $ 1,141.9 $ 1,332.2 $ 1,701.3 $ 436.9 Add-Fixed Charges: Interest Expense $ 110.6 $ 118.0 $ 142.7 $ 158.1 $ 134.2 $ 30.6 Interest Capitalized 1.7 4.5 1.6 2.7 3.9 1.2 Amortization of Debt Offering Costs 0.9 1.6 1.6 2.3 3.1 0.8 Interest Portion of Rent Expense 25.3 28.6 33.7 37.5 32.9 9.4 --------- -------- ----------- ----------- ----------- ----------- Total Fixed Charges $ 138.5 $ 152.7 $ 179.6 $ 200.6 $ 174.1 $ 42.0 Less: Interest Capitalized (1.7) (4.5) (1.6) (2.7) (3.9) (1.2) --------- -------- ----------- ----------- ----------- ----------- Earnings as Adjusted $ 871.2 $ 969.9 $ 1,319.9 $ 1,530.1 $ 1,871.5 $ 477.7 ========= ======== =========== =========== =========== =========== Ratio of Earnings to Fixed Charges 6.3 6.4 7.3 7.6 10.7 11.4