EX-12.1 4 k70542aexv12w1.txt EX-12.1 STATEMENT RE: COMPUTATION OF RATIOS EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS, EXCEPT RATIO OF EARNINGS TO FIXED CHARGES)
Six Months Ended ------------------- Year Ended December 31, June 29, June 30 -------------------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 -------- -------- -------- -------- -------- -------- -------- Income before provision for national income taxes, minority interests in net income (loss) of subsidiaries, equity (income) loss of affiliates and cumulative effect of a change in accounting principle $ 199.4 $ 106.9 $ 97.4 $ 484.2 $ 443.0 $ 214.8 $ 344.2 Fixed charges 126.9 155.5 293.6 349.3 253.8 130.7 113.6 Distributed income of affiliates 2.1 2.1 4.2 2.0 1.8 2.3 3.9 -------- -------- -------- -------- -------- -------- -------- Earnings $ 328.4 $ 264.5 $ 395.2 $ 835.5 $ 698.6 $ 347.8 $ 461.7 ======== ======== ======== ======== ======== ======== ======== Interest expense $ 107.6 $ 135.8 $ 254.7 $ 316.2 $ 235.1 $ 110.5 $ 101.0 Portion of lease expense representative of interest 19.3 19.7 38.9 33.1 18.7 20.2 12.6 -------- -------- -------- -------- -------- -------- -------- Fixed Charges $ 126.9 $ 155.5 $ 293.6 $ 349.3 $ 253.8 $ 130.7 $ 113.6 ======== ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 2.6 1.7 1.3 2.4 2.8 2.7 4.1 Fixed Charges in Excess of Earnings - - - - - - -