EXHIBIT 12
LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
Six Months Ended | Twelve Months Ended December 31, | ||||||||||||||||||||
| 6/30/07 | 6/30/06 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||
Earnings | |||||||||||||||||||||
Income from continuing operations before income tax | $ | 168.6 | $ | 190.8 | $ | 434.8 | $ | 356.2 | $ | 422.6 | $ | 315.1 | $ | 363.5 | |||||||
Interest expense (excluding amount capitalized) | 28.8 | 26.5 | 56.2 | 46.7 | 45.9 | 46.9 | 42.1 | ||||||||||||||
Portion of rental expense under operating leases representative of an interest factor | 14.3 | 8.1 | 24.9 | 14.0 | 13.3 | 12.5 | 11.2 | ||||||||||||||
Total earnings | $ | 211.7 | $ | 225.4 | $ | 515.9 | $ | 416.9 | $ | 481.8 | $ | 374.5 | $ | 416.8 | |||||||
Fixed charges | |||||||||||||||||||||
Interest expense (including amount capitalized) | $ | 29.6 | $ | 27.2 | $ | 57.8 | $ | 48.3 | $ | 46.9 | $ | 48.0 | $ | 43.3 | |||||||
Portion of rental expense under operating leases representative of an interest factor | 14.3 | 8.1 | 24.9 | 14.0 | 13.3 | 12.5 | 11.2 | ||||||||||||||
Total fixed charges | $ | 43.9 | $ | 35.3 | $ | 82.7 | $ | 62.3 | $ | 60.2 | $ | 60.5 | $ | 54.5 | |||||||
Ratio of earnings to fixed charges | 4.8 | 6.4 | 6.2 | 6.7 | 8.0 | 6.2 | 7.6 | ||||||||||||||
Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.