EX-12 5 c91569exv12.htm STATEMENT OF COMPUTATION OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12

NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                                         
    YEAR ENDED DECEMBER 31,
(in millions, except per share data)   2004   2003   2002   2001   2000
 
   
EARNINGS AVAILABLE TO FIXED CHARGES:
                                       
Income from continuing operations before income taxes and cumulative effect of accounting change
    $86 .3     $337 .3     $398 .5     $331 .9     $562 .4
Fixed charges —
                                       
Interest expense
    129 .7     140 .1     137 .3     137 .5     130 .0
Portion of rent determined to be interest
    43 .6     40 .4     38 .0     34 .1     30 .5
Minority interest in income of subsidiary trust
                      26 .7     26 .7
Equity earnings
    (0 .9)           (0 .8)     (7 .2)     (8 .0)
 
   
 
    $258 .7     $517 .8     $573 .0     $523 .0     $741 .6
 
   
FIXED CHARGES:
                                       
Interest expense
    $129 .7     $140 .1     $137 .3     $137 .5     $130 .0
Portion of rent determined to be interest
    43 .6     40 .4     38 .0     34 .1     30 .5
Minority interest in income of subsidiary trust
                      26 .7     26 .7
 
   
 
    $173 .3     $180 .5     $175 .3     $198 .3     $187 .2
 
   
RATIO OF EARNINGS TO FIXED CHARGES
    1 .49     2 .87     3 .27     2 .64     3 .96
 
   

(1)  
A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases.