Exhibit 12
LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
Twelve Months Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income from continuing operations before income taxes* | $ | 255.5 | $ | 198.4 | $ | 192.6 | $ | 147.3 | $ | 339.1 | ||||||||||
Interest expense (excluding amount capitalized) | 37.7 | 37.4 | 49.5 | 60.9 | 56.2 | |||||||||||||||
Portion of rental expense under operating leases representative of an interest factor** | 15.4 | 16.9 | 21.5 | 24.3 | 24.9 | |||||||||||||||
Total earnings*** | $ | 308.6 | $ | 252.7 | $ | 263.6 | $ | 232.5 | $ | 420.2 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense (including amount capitalized) | $ | 38.1 | $ | 38.3 | $ | 50.5 | $ | 61.9 | $ | 57.8 | ||||||||||
Portion of rental expense under operating leases representative of an interest factor** | 15.4 | 16.9 | 21.5 | 24.3 | 24.9 | |||||||||||||||
Total fixed charges | $ | 53.5 | $ | 55.2 | $ | 72.0 | $ | 86.2 | $ | 82.7 | ||||||||||
Ratio of earnings to fixed charges | 5.8 | 4.6 | 3.7 | 2.7 | 5.1 | |||||||||||||||
* | 2006 through 2008 amounts have been retrospectively adjusted to include noncontrolling interest. |
** | 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. |