EX-12.1 5 k61656a4ex12-1.txt COMPUTATION OF RATIO OF EARNINGS 1 EXHIBIT 12.1 -- COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions, except ratio of earnings to fixed charges)
Six Months Ended -------------------- Year Ended December 31, June 30, July 1, ----------------------------------------------- 2001 2000 2000 1999 1998 1997 1996 --------- -------- ------- ------- ------- ------- ------- Income before provision for national income taxes, minority interests in net income (loss) of subsidiaries, equity (income) loss of affiliates, and extraordinary items $ 107.9 $ 249.1 $ 484.2 $ 443.0 $ 214.8 $ 345.8 $ 253.4 Fixed Charges 150.5 176.1 349.3 253.8 130.7 113.6 112.7 Distributed income of affiliates 2.1 - 2.0 1.8 2.3 3.9 3.0 ------- ------- ------- ------- ------- ------- ------- Earnings $ 260.5 $ 425.2 $ 835.5 $ 698.6 $ 347.8 $ 463.3 $ 369.1 ======= ======= ======= ======= ======= ======= ======= Interest expense $ 135.8 $ 159.5 $ 316.2 $ 235.1 $ 110.5 $ 101.0 $ 102.8 Portion of lease expense representative of interest 14.7 16.6 33.1 18.7 20.2 12.6 9.9 ------- ------- ------- ------- ------- ------- ------- Fixed Charges $ 150.5 $ 176.1 $ 349.3 $ 253.8 $ 130.7 $ 113.6 $ 112.7 ======= ======= ======= ======= ======= ======= ======= Ratio of Earnings to Fixed Charges 1.7 2.4 2.4 2.8 2.7 4.1 3.3 Fixed Charges in Excess of Earnings - - - - - - -