Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratio of earnings to fixed charges)
Nine Months Ended | Year Ended December 31, | |||||||||||||||||||||||||||
September 30, | October 1, | |||||||||||||||||||||||||||
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
Income (loss) before provision for income taxes, minority interests in consolidated subsidiaries, equity in net (income) loss of afffiliates and cumulative effect of a change in accounting principle | $ | (24.3 | ) | $ | (814.6 | ) | $ | (1,128.6 | ) | $ | 564.3 | $ | 534.4 | $ | 480.5 | $ | 97.4 | |||||||||||
Fixed charges | 191.4 | 172.3 | 228.6 | 207.2 | 226.4 | 249.3 | 293.6 | |||||||||||||||||||||
Distributed income of affiliates | 1.6 | 2.9 | 5.3 | 3.2 | 8.7 | 5.9 | 4.2 | |||||||||||||||||||||
Earnings | $ | 168.7 | $ | (639.4 | ) | $ | (894.7 | ) | $ | 774.7 | $ | 769.5 | $ | 735.7 | $ | 395.2 | ||||||||||||
Interest expense | $ | 157.5 | $ | 138.1 | $ | 183.2 | $ | 165.5 | $ | 186.6 | $ | 210.5 | $ | 254.7 | ||||||||||||||
Portion of lease expense representative of interest | 33.9 | 34.2 | 45.4 | 41.7 | 39.8 | 38.8 | 38.9 | |||||||||||||||||||||
Fixed charges | $ | 191.4 | $ | 172.3 | $ | 228.6 | $ | 207.2 | $ | 226.4 | $ | 249.3 | $ | 293.6 | ||||||||||||||
Ratio of Earnings to Fixed Charges(1) | 0.9 | — | — | 3.7 | 3.4 | 3.0 | 1.3 | |||||||||||||||||||||
Fixed Charges in Excess of Earnings | $ | — | $ | 811.7 | $ | 1,123.3 | $ | — | $ | — | $ | — | $ | — |
(1) | Earnings in the first nine months and full year of 2005 were not sufficient to cover fixed charges by $811.7 million and $1,123.3 million, respectively. Accordingly, such ratios are not presented. |