Exhibit 12.1
Ratio of Earnings to Fixed Charges
(In Millions)
| Year Ended December 31, | ||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||
Consolidated pretax income from continuing operations | $ | 290.6 | $ | 716.3 | $ | 380.7 | $ | 387.8 | $ | 368.1 | ||||||||
Undistributed earnings of non-consolidated affiliates | (65.5 | ) | (35.1 | ) | (11.2 | ) | 0.1 | 0.1 | ||||||||||
Amortization of capitalized interest | 3.0 | 5.6 | 2.0 | 2.0 | 2.0 | |||||||||||||
Interest expense | 39.0 | 39.8 | 22.6 | 3.6 | 4.5 | |||||||||||||
Acceleration of debt issuance costs | — | — | 0.8 | 1.7 | — | |||||||||||||
Interest portion of rental expense | 5.8 | 8.4 | 4.7 | 5.4 | 5.0 | |||||||||||||
Total Earnings | $ | 272.9 | $ | 735.0 | $ | 399.6 | $ | 400.6 | $ | 379.7 | ||||||||
Interest expense | $ | 39.0 | $ | 39.8 | $ | 22.6 | $ | 3.6 | $ | 4.5 | ||||||||
Acceleration of debt issuance costs | — | — | 0.8 | 1.7 | — | |||||||||||||
Interest portion of rental expense | 5.8 | 8.4 | 4.7 | 5.4 | 5.0 | |||||||||||||
Fixed Charges | $ | 44.8 | $ | 48.2 | $ | 28.1 | $ | 10.7 | $ | 9.5 | ||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 6.1x | 15.2x | 14.2x | 37.4x | 40.0x | |||||||||||||
