EX-12 6 c12738exv12.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)   2006   2005   2004   2003   2002
     
EARNINGS AVAILABLE TO FIXED CHARGES:
                                        
Income from continuing operations before income taxes
   $ 514.9     $ 463.4     $ 197.9     $ 360.3     $ 425.1  
Adjustment - - equity in earnings of affiliates
     (0.9 )     (0.9 )     (0.9 )     —       (0.8 )
Fixed charges -
                                        
Interest expense
     155.0       142.1       129.7       140.1       137.3  
Portion of rent determined to be interest
     27.9       34.2       33.4       31.9       30.5  
     
 
   $ 696.9     $ 638.8     $ 360.1     $ 532.3     $ 592.1  
             
FIXED CHARGES:
                                        
Interest expense
   $ 155.0     $ 142.1     $ 129.7     $ 140.1     $ 137.3  
Portion of rent determined to be interest
     27.9       34.2       33.4       31.9       30.5  
     
 
   $ 182.9     $ 176.3     $ 163.1     $ 172.0     $ 167.8  
             
 
                                        
RATIO OF EARNINGS TO FIXED CHARGES
     3.81       3.62       2.21       3.09       3.53  
             
     
(1)   A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases.