EX-12.1 3 lea-20141231xexx121.htm EXHIBIT 12.1 LEA-2014.12.31-EX-12.1




 
 
 
 
 
 
 
 
 
Exhibit 12.1

 
 
 
 
 
 
 
 
 
 
Computation of Ratios of Earnings to Fixed Charges
(In millions, except ration of earnings to fixed charges)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended
 
Year Ended
 
Year Ended
 
Year Ended
 
Year Ended
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
2014
 
2013
 
2012
 
2011
 
2010
Consolidated income before provision (benefit) for
 
 
 
 
 
 
 
 
 
income taxes and equity in net income of affiliates
$
787.4

 
$
610.1

 
$
648.9

 
$
615.7

 
$
448.8

Fixed charges
110.2

 
107.5

 
86.2

 
72.8

 
82.1

Distributed income of affiliates
25.0

 
17.6

 
14.0

 
43.6

 
7.4

Earnings
$
922.6

 
$
735.2

 
$
749.1

 
$
732.1

 
$
538.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
67.5

 
$
68.4

 
$
49.9

 
$
39.7

 
$
55.4

Portion of lease expense representative of interest
42.7

 
39.1

 
36.3

 
33.1

 
26.7

Fixed charges
$
110.2

 
$
107.5

 
$
86.2

 
$
72.8

 
$
82.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
8.4

 
6.8

 
8.7

 
10.1

 
6.6