EX-12 5 h50901exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(in millions except ratio of earnings to fixed charges)
         
    Nine Months Ended  
    September 30,  
    2007  
Earnings:
       
Income from continuing operations before income taxes and minority interest
  $ 454.9  
Portion of rents representative of interest expense
    5.7  
Interest on indebtedness, including amortization of deferred loan costs
    58.0  
Amortization of capitalized interest
     
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges
    0.9  
 
     
Earnings, as adjusted
  $ 519.5  
 
     
 
       
Fixed Charges:
       
Portion of rents representative of interest expense
  $ 5.7  
Interest on indebtedness, including amortization of deferred loan costs
    58.0  
Capitalized interest
    3.9  
 
     
Total fixed charges
  $ 67.6  
 
     
 
       
Ratio of earnings to fixed charges
    7.68x