Exhibit 12.1
Calculation of Ratio of Earnings to Fixed Charges
(in millions)
(in millions)
Nine Months Ended | ||||||||||||||||||||||||||||
September 30, 2010 | Year Ended December 31 | |||||||||||||||||||||||||||
2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Earning (loss) from continuing operations before income taxes and equity in earnings (losses) of unconsolidated entities | $ | 439.2 | $ | 243.9 | $ | 156.0 | $ | 168.1 | $ | 363.7 | $ | (10.1 | ) | $ | (83.5 | ) | ||||||||||||
Fixed charges | 141.3 | 120.9 | 172.7 | 206.7 | 227.9 | 217.8 | 147.0 | |||||||||||||||||||||
Amortization of capitalized interest | 0.4 | 0.3 | 0.4 | 0.2 | — | — | — | |||||||||||||||||||||
Capitalized interest | (3.2 | ) | (3.9 | ) | (5.6 | ) | (4.6 | ) | (1.9 | ) | — | — | ||||||||||||||||
Total earnings (a) | $ | 577.7 | $ | 361.2 | $ | 323.5 | $ | 370.4 | $ | 589.7 | $ | 207.7 | $ | 63.5 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expensed | $ | 98.8 | $ | 91.8 | $ | 129.0 | $ | 146.7 | $ | 159.6 | $ | 185.6 | $ | 121.0 | ||||||||||||||
Capitalized interest | 3.2 | 3.9 | 5.6 | 4.6 | 1.9 | — | — | |||||||||||||||||||||
Amortization of debt issue costs | 9.6 | 2.5 | 5.0 | 16.8 | 30.6 | 5.3 | 5.8 | |||||||||||||||||||||
Interest included in rent expense | 29.7 | 22.7 | 33.1 | 38.6 | 35.8 | 26.9 | 20.2 | |||||||||||||||||||||
Total fixed charges (b) | $ | 141.3 | $ | 120.9 | $ | 172.7 | $ | 206.7 | $ | 227.9 | $ | 217.8 | $ | 147.0 | ||||||||||||||
Ratio of earnings to fixed charges (a/b) | 4.1 | 3.0 | 1.9 | 1.8 | 2.6 | 1.0 | 0.4 |