EX-12 2 ex12-1.htm Statement of Computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

 

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in millions, except ratio information)

 

     Fiscal Years Ended December 31,
   

 

 

     2001
    2002
    2003
    2004
    2005
   

Income (loss) from continuing

                              

operations before income taxes

    332.3    432.3    540.4    615.3    640.7     
    
  
  
  
  
  

Fixed Charges:

                              

Interest on long-term and short-term debt including amortization of debt expense

    27.0    19.2    40.9    36.1    34.4     

Portion of rental expense as can be demonstrated to be representative of the interest factor

    24.9    28.7    34.7    35.5    39.9     
    
  
  
  
  
  

Total fixed charges

    51.9    47.9    75.6    71.6    74.3     
    
  
  
  
  
  

Earnings before income taxes plus fixed charges

    384.2    480.2    616.0    686.9    715.0     
    
  
  
  
  
  

Ratio of earnings to fixed charges

    7.40    10.03    8.15    9.59    9.62