| Exhibit 12 | ||||||||||||||||||||
| Leggett & Platt, Incorporated and Subsidiaries | ||||||||||||||||||||
| Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
| (Amounts in millions of dollars) | ||||||||||||||||||||
| Twelve Months Ended | ||||||||||||||||||||
| December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Pre-tax income from continuing operations including equity-method investment earnings (a) | $487.1 | $449.8 | $295.5 | $237.6 | $287.5 | |||||||||||||||
| Add: | ||||||||||||||||||||
| Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness (including amount capitalized) | 39.4 | 41.8 | 42.3 | 45.2 | 44.0 | |||||||||||||||
| Portion of rental expense under operating leases representative of an interest factor (b) | 17.1 | 17.3 | 17.0 | 16.5 | 16.0 | |||||||||||||||
| Amortization of capitalized interest | .8 | 1.0 | 1.0 | .9 | .9 | |||||||||||||||
| Less: | ||||||||||||||||||||
| Equity-method investment (earnings) loss | (.5 | ) | (.4 | ) | (.3 | ) | (.5 | ) | (.6 | ) | ||||||||||
| Interest capitalized | (.6 | ) | (.7 | ) | (.5 | ) | (.5 | ) | (.6 | ) | ||||||||||
| Total Earnings (c) | $ | 543.3 | $ | 508.8 | $ | 355.0 | $ | 299.2 | $ | 347.2 | ||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expense and amortization of interest rate swaps and debt discount and premium on all indebtedness | $38.8 | $41.1 | $41.8 | $44.7 | $43.4 | |||||||||||||||
| Interest capitalized | .6 | .7 | .5 | .5 | .6 | |||||||||||||||
| Portion of rental expense under operating leases representative of an interest factor (b) | 17.1 | 17.3 | 17.0 | 16.5 | 16.0 | |||||||||||||||
| Total Fixed Charges | $ | 56.5 | $ | 59.1 | $ | 59.3 | $ | 61.7 | $ | 60.0 | ||||||||||
| Ratio of Earnings to Fixed Charges | 9.6 | 8.6 | 6.0 | 4.8 | 5.8 | |||||||||||||||
| (a) | 2012 and 2013 amounts have been retrospectively adjusted to reflect the reclassification of certain operations to discontinued operations. |
| (b) | Estimated portion of rent expense representing interest. |
| (c) | Earnings consist principally of income from continuing operations before income taxes, plus fixed charges less capitalized interest. Fixed charges consist principally of interest costs. |