EX-12.1 2 dex121.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Statement re computation of ratio of earnings to fixed charges.

EXHIBIT 12.1

 

FORTUNE BRANDS, INC. AND SUBSIDIARIES

STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)

 

    

Years Ended December 31,

    

Nine Months
Ended

September 30,

     2000
    2001
    2002
    2003
    2004
     2005

Earnings available from continuing operations:

                                           

Income (loss) from continuing operations before income taxes, minority interests and extraordinary items

    $ 575.0    $ 587.1    $ 748.9    $ 842.6    $ 994.2     $ 680.0

Less: Income (loss) of equity investees included above

      —        —        —        —        (0.1 )     —  

Capitalized interest

      0.6      0.1      0.3      0.1      —         —  
    
  
  
  
  
 
     $ 574.4    $ 587.0    $ 748.6    $ 842.5    $ 994.3     $ 680.0

Fixed Charges (continuing operations):

                                           

Interest expense (including capitalized interest) and amortization of debt discount and expenses

    $ 100.3    $ 79.0    $ 63.2    $ 66.2    $ 79.6     $ 95.0

Portion of rentals representative of an interest factor

      11.5      10.6      10.6      10.2      11.4       10.6
    
  
  
  
  
 

Total Fixed Charges

      111.8      89.6      73.8      76.4      91.0       105.6
    
  
  
  
  
 

Total Earnings Available

    $ 686.2    $ 676.6    $ 822.4    $ 918.9    $ 1,085.3     $ 785.6
    
  
  
  
  
 

Ratio of Earnings to Fixed Charges for Continuing Operations

      6.14      7.55      11.14      12.03      11.93       7.44