EX-12.1 6 l95205aexv12w1.txt EXHIBIT 12.1 EXHIBIT 12.1 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
---------------------------------------------------------------------------------------------------------------- SIX MONTHS ENDED --------------------- MARCH 31, MARCH 30, ($ IN MILLIONS) 1995 1996 1997 1998 1999 2000 2001 2001 2002 ---------------------------------------------------------------------------------------------------------------- EARNINGS: Pretax income from continuing operations..... $36.3 $ 1.3 $69.6 $61.9 $117.0 $116.3 $ 28.7 $ 56.5 $29.0 Interest expense............ $24.6 25.0 25.2 32.2 79.1 93.9 87.7 47.4 40.2 Interest factor on rents.... 4.9 4.6 4.1 4.5 6.1 5.9 7.3 5.3 4.5 Losses incurred by majority- owned subsidiaries not recorded.................. -- -- -- -0.5 -0.2 0.4 0.4 0.5 0.5 ---------------------------------------------------------------------------------------------------------------- $65.8 $30.9 $98.9 $98.1 $202.0 $215.7 $123.3 $108.7 $73.2 ---------------------------------------------------------------------------------------------------------------- FIXED CHARGES: Interest expense............ $24.6 $25.0 $25.2 $32.2 $ 79.1 $ 93.9 $ 87.7 $ 47.4 $40.2 Interest capitalized........ 0.2 -- 0.4 0.8 1.0 2.1 3.1 1.2 0.6 ----- ----- ----- ----- ------ ------ ------ ------ ----- Interest incurred......... 24.8 25.0 25.6 33.0 80.1 96.0 90.8 48.6 40.8 ---------------------------------------------------------------------------------------------------------------- Rent expense.................. 14.7 14.0 12.3 13.5 18.5 17.9 22.0 16.0 13.5 Estimated interest factor..... 33% 33% 33% 33% 33% 33% 33% 33% 33% ---------------------------------------------------------------------------------------------------------------- Interest factor on rents................... 4.9 4.6 4.1 4.5 6.1 5.9 7.3 5.3 4.5 ---------------------------------------------------------------------------------------------------------------- Total fixed charges..... $29.7 $29.6 $29.7 $37.5 $ 86.2 $101.9 $ 98.1 $ 53.9 $45.3 ---------------------------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges 2.2 1.0 3.3 2.6 2.3 2.1 1.3 2.0 1.6 ----------------------------------------------------------------------------------------------------------------