EXHIBIT 12
LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
| Nine Months Ended | Twelve Months Ended December 31, | ||||||||||||||||||||
| 9/30/04 | 9/30/03 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||
Earnings | |||||||||||||||||||||
Income from continuing operations before income tax | $ | 330.5 | $ | 227.1 | $ | 315.1 | $ | 363.5 | $ | 297.3 | $ | 418.6 | $ | 462.6 | |||||||
Interest expense (excluding amount capitalized) | 34.3 | 34.7 | 46.9 | 42.1 | 58.8 | 66.3 | 43.0 | ||||||||||||||
Portion of rental expense under operating leases representative of an interest factor | 10.8 | 9.7 | 12.5 | 11.2 | 10.6 | 9.4 | 8.2 | ||||||||||||||
Total earnings | $ | 375.6 | $ | 271.5 | $ | 374.5 | $ | 416.8 | $ | 366.7 | $ | 494.3 | $ | 513.8 | |||||||
Fixed charges | |||||||||||||||||||||
Interest expense (including amount capitalized) | $ | 35.1 | $ | 35.6 | $ | 48.0 | $ | 43.3 | $ | 60.2 | $ | 67.7 | $ | 44.0 | |||||||
Portion of rental expense under operating leases representative of an interest factor | 10.8 | 9.7 | 12.5 | 11.2 | 10.6 | 9.4 | 8.2 | ||||||||||||||
Total fixed charges | $ | 45.9 | $ | 45.3 | $ | 60.5 | $ | 54.5 | $ | 70.8 | $ | 77.1 | $ | 52.2 | |||||||
Ratio of earnings to fixed charges | 8.2 | 6.0 | 6.2 | 7.6 | 5.2 | 6.4 | 9.8 | ||||||||||||||
Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.