EX-12 3 l42733exv12.htm EX-12 exv12
         
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
                                                         
    Six Months Ended June 30,     Years Ended December 31,  
    2011     2010     2010     2009     2008     2007     2006  
         
Income (loss) from continuing operations before tax
     355.0       194.8       405.5       (94.2 )     439.6       264.7       208.6  
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt
     0.3       —       (0.2 )     0.9       (1.4 )     1.3       5.7  
Amortization of capitalized interest
     1.0       1.5       2.0       1.9       1.8       1.4       1.2  
Interest expense
     19.1       19.6       38.2       41.9       44.4       42.3       49.0  
Interest portion of rental expense
     3.6       4.0       8.0       8.5       8.7       7.5       5.0  
         
Earnings (loss)
     379.0       219.9       453.5       (41.0 )     493.1       317.2       269.5  
         
 
                                                        
Interest
     19.3       19.8       38.9       43.7       47.4       48.0       52.3  
Interest portion of rental expense
     3.6       4.0       8.0       8.5       8.7       7.5       5.0  
         
Fixed Charges
     22.9       23.8       46.9       52.2       56.1       55.5       57.3  
         
 
                                                        
Ratio of Earnings to Fixed Charges
     16.55       9.24       9.67       (0.79 )     8.79       5.72       4.70