EX-12 4 ex12pt1.htm EXHIBIT 12 FIXED CHARGES - HTML FORMAT

Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges

 

3/31/2001

2000

 

 

1999

 

 

1998

 

 

1997

 

 

1996

 

 

 

 

 

 

 

Earnings before taxes

$ 47,400

$ 154,000

$ 173,300

$ 464,400

$ 104,900

$ 102,700

Add(Deduct)

 

 

 

 

 

 

Fixed Charges

5,300

24,500

24,200

31,400

38,200

33,500

Undistributed earnings of less than 50% owned

companies carried at equity

(800)

(2,900)

(2,700)

(800)

(500)

(700)

Earnings available for fixed charges

$ 51,900

$ 175,600

$ 194,800

$ 495,000

$ 142,600

$ 135,500

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

Interest, including amounts capitalized

$ 4,000

$ 19,300

$ 19,300

$ 26,400

$ 32,900

$ 26,400

Proportion of rent expense deemed to represent

interest factor.

1,300

5,200

4,900

5,000

5,300

7,100

Fixed Charges

$ 5,300

$ 24,500

$ 24,200

$ 31,400

$ 38,200

$ 33,500

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

9.79

7.17

8.05

15.76

3.73

4.04