FMC (FMC) 10-Q 2003 Q3 Quarterly report

Exhibit: 12

FMC CORPORATION

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Nine months ended September 30,
	2003			2002
Earnings:
Income from continuing operations before income taxes	$	15.9		$	71.4
Minority interests		1.5			2.1
Undistributed (earnings) losses of affiliates		57.5			(4.6	)
Interest expense and amortization of debt discount, fees and expenses		71.7			48.1
Amortization of capitalized interest		2.4			2.4
Interest included in rental expense		4.0			3.2
Total earnings	$	153.0		$	122.6
Fixed charges:
Interest expense and amortization of debt discount, fees and expenses	$	71.7		$	48.1
Interest capitalized as part of fixed assets		5.8			5.4
Interest included in rental expense		4.0			3.2
Total fixed charges	$	81.5		$	56.7
Ratio of earnings to fixed charges		1.9	x		2.2	x