Unisys (UIS) 10-K 2006 FY Annual report

Exhibit 12

UNISYS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

($ in millions)

	Years Ended December 31
	2006			2005			2004			2003			2002
Fixed charges	$	77.2		$	64.7		$	69.0		$	69.6		$	66.5
Interest expense
Interest capitalized during the period		9.9			15.0			16.3			14.5			13.9
Amortization of debt issuance expenses		3.8			3.4			3.5			3.8			2.6
Portion of rental expense representative of interest		56.7			60.9			61.6			55.2			53.0
Total Fixed Charges		147.6			144.0			150.4			143.1			136.0
Earnings
Income (loss) from continuing operations before income taxes		(250.9	)		(170.9	)		(76.0	)		380.5			332.8
Add (deduct) the following:
Share of loss (income) of associated companies		4.5			(7.2	)		(14.0	)		(16.2	)		14.2
Amortization of capitalized interest		13.7			12.9			11.7			10.2			8.8
Subtotal		(232.7	)		(165.2	)		(78.3	)		374.5			355.8
Fixed charges per above		147.6			144.0			150.4			143.1			136.0
Less interest capitalized during the period		(9.9	)		(15.0	)		(16.3	)		(14.5	)		(13.9	)
Total earnings	$	(95.0	)	$	(36.2	)	$	55.8		$	503.1		$	477.9
Ratio of earnings to fixed charges		*			*			*			3.52			3.51

* Earnings for the years ended December 31, 2006, 2005 and 2004 were inadequate to cover fixed charges by $242.6 million, $180.2 million and $94.6 million, respectively.