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, | ||||||||||||||||||||
| 6/30/08 | 6/30/07 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
Earnings | |||||||||||||||||||||
Income from continuing operations before income taxes* | $ | 127.8 | $ | 154.3 | $ | 141.8 | $ | 335.6 | $ | 302.6 | $ | 343.0 | $ | 258.2 | |||||||
Interest expense (excluding amount capitalized) | 27.3 | 29.0 | 60.9 | 56.2 | 46.7 | 45.9 | 46.9 | ||||||||||||||
Portion of rental expense under operating leases representative of an interest factor** | 12.5 | 12.2 | 24.3 | 24.9 | 14.0 | 13.3 | 12.5 | ||||||||||||||
Total earnings*** | $ | 167.6 | $ | 195.5 | $ | 227.0 | $ | 416.7 | $ | 363.3 | $ | 402.2 | $ | 317.6 | |||||||
Fixed charges | |||||||||||||||||||||
Interest expense (including amount capitalized) | $ | 27.9 | $ | 29.8 | $ | 61.9 | $ | 57.8 | $ | 48.3 | $ | 46.9 | $ | 48.0 | |||||||
Portion of rental expense under operating leases representative of an interest factor | 12.5 | 12.2 | 24.3 | 24.9 | 14.0 | 13.3 | 12.5 | ||||||||||||||
Total fixed charges | $ | 40.4 | $ | 42.0 | $ | 86.2 | $ | 82.7 | $ | 62.3 | $ | 60.2 | $ | 60.5 | |||||||
Ratio of earnings to fixed charges | 4.1 | 4.7 | 2.6 | 5.0 | 5.8 | 6.7 | 5.2 | ||||||||||||||
| * | 2003 through 2007 amounts have been retrospectively adjusted to reflect discontinued operations. |
| ** | Estimated portion of rent expense representing interest. |
| *** | Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs. |