EX-12 7 dex12.htm COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES Computation of Ratio of Earnings (Loss) to Fixed Charges
Computation of Ratio of Earnings (Loss) to Fixed Charges    Exhibit 12

 

(In Millions Except Ratios)

 

YEAR ENDED DECEMBER 31

    2005
    2004
    2003
    2002
    2001
  

EARNINGS (LOSS)

                                     

Income (Loss) from Continuing Operations before Income Taxes

    $ 985.7    $ 892.9    $ 380.1    $ 299.5    $ (1,608.6 )

Total Fixed Charges

      88.6      108.2      127.5      132.8      144.3  

Less Interest Capitalized

      —        —        —        —        (8.3 )
    
  
  
  
  

Total Earnings (Loss)

      1,074.3      1,001.1      507.6      432.3      (1,472.6 )
    
  
  
  
  

FIXED CHARGES

                                     

Interest

      88.6      108.2      127.1      131.5      134.8  

Interest Capitalized

      —        —        —        —        8.3  

Amortization of Deferred Debt Expense

      —        —        0.4      1.3      1.2  
    
  
  
  
  

Total Fixed Charges

    $ 88.6    $ 108.2    $ 127.5    $ 132.8    $ 144.3  
    
  
  
  
  

RATIO OF EARNINGS (LOSS) TO FIXED CHARGES

      12.13      9.25      3.98      3.26      —    

Dollar Amount of Deficiency in Earnings (Loss) to Fixed Charges

      N/A      N/A      N/A      N/A    $ 1,616.9