EX-12 2 tkr-2013331xex12.htm EXHIBIT 12 TKR-2013.3.31-EX12


EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)


 
 
Three Months Ended
March 31,
 
 Years Ended December 31,
 
 
2013
2012
 
2012
2011
2010
2009
2008
Income (loss) from continuing operations before tax
 
$
113.8

$
237.5

 
$
766.0

$
696.8

$
405.5

$
(94.2
)
$
439.6

 
 
 
 
 
 
 
 
 
 
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt
 
$
(0.1
)
$
(0.1
)
 
$
0.5

$
0.5

$
(0.2
)
$
0.9

$
(1.4
)
Amortization of capitalized interest
 
0.5

0.5

 
2.0

2.0

2.0

1.9

1.8

Interest expense
 
6.4

8.6

 
31.1

36.8

38.2

41.9

44.4

Interest portion of rental expense
 
2.2

2.1

 
8.5

7.2

8.0

8.5

8.7

Earnings (loss)
 
$
122.8

$
248.6

 
$
808.1

$
743.3

$
453.5

$
(41.0
)
$
493.1

 
 
 
 
 
 
 
 
 
 
Interest
 
$
8.6

$
9.2

 
$
36.0

$
38.0

$
38.9

$
43.7

$
47.4

Interest portion of rental expense
 
2.2

2.1

 
8.5

7.2

8.0

8.5

8.7

Fixed Charges
 
$
10.8

$
11.3

 
$
44.5

$
45.2

$
46.9

$
52.2

$
56.1

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
11.37

22.00

 
18.16

16.44

9.67

(0.79
)
8.79