EX-12.1 2 exhibit121q12013.htm EXHIBIT Exhibit 12.1 Q1 2013


 
 
 
 
 
 
 
 
 
 
EXHIBIT 12.1
 
 
 
 
 
 
 
 
 
 
 
 
 
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in millions, except ratio information)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Years Ended December 31,
 
Three Months Ended
 
 
2008
 
2009
 
2010
 
2011
 
2012
 
March 31, 2013
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
   before income taxes
 
785.7

 
884.6

 
915.6

 
866.1

 
944.2

 
241.4

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
   Interest on long-term and
 
 
 
 
 
 
 
 
 
 
 
 
     short-term debt including
 
 
 
 
 
 
 
 
 
 
 
 
     amortization of debt expense
 
72.0

 
62.9

 
70.0

 
87.5

 
94.5

 
24.5

 
 
 
 
 
 
 
 
 
 
 
 
 
   Portion of rental expense as can be
 
 
 
 
 
 
 
 
 
 
 
 
     demonstrated to be representative
 
 
 
 
 
 
 
 
 
 
 
 
     of the interest factor
 
58.4

 
61.0

 
67.4

 
73.4

 
75.3

 
19.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 Total fixed charges
 
130.4

 
123.9

 
137.4

 
160.9

 
169.8

 
43.9

 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and
 
 
 
 
 
 
 
 
 
 
 
 
   fixed charges
 
916.1

 
1,008.5

 
1,053.0

 
1,027.0

 
1,114.0

 
285.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.03

 
8.14

 
7.66

 
6.38

 
6.56

 
6.50