EX-12 5 dex12.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES Statement re computation of ratio of earnings to combined fixed charges

Exhibit 12

FORTUNE BRANDS, INC. AND SUBSIDIARIES

STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

(Dollar amounts in millions)

 

     Years Ended December 31,  
   2004    2005     2006    2007    2008  

Earnings Available:

             

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

   $ 992.5    $ 919.3     $ 1,179.3    $ 1,120.2    $ 188.4  

Less: Income (loss) of equity investees included above

     0.5      (0.2 )     —        —        (24.4 )

Capitalized interest

     —        —         —        0.7      —    

Preferred dividend requirements

     0.6      0.6       0.6      0.8      0.7  
                                     
   $ 991.4    $ 918.9     $ 1,178.7    $ 1,118.7    $ 212.1  

Fixed Charges and Preferred Dividends:

             

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

   $ 90.2    $ 170.8     $ 332.4    $ 318.5    $ 237.2  

Portion of rentals representative of an interest factor

     17.9      17.7       16.7      17.6      17.0  

Preferred dividend requirements

     0.6      0.6       0.6      0.8      0.7  
                                     

Total Fixed Charges

     108.7      189.1       349.7      336.9      254.9  
                                     

Total Earnings Available

   $ 1,100.1    $ 1,108.0     $ 1,528.4    $ 1,455.6    $ 467.0  
                                     

Ratio of Combined Earnings to Fixed Charges and Preferred Dividends

     10.12      5.86       4.37      4.32      1.83