EXHIBIT 12
FORTUNE BRANDS, INC. AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
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| | Years Ended December 31,
| | Three Months Ended March 31, 2005
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| | 2000
| | 2001
| | 2002
| | 2003
| | | 2004
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Earnings Available: | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations before income taxes, minority interests and extraordinary items | | $ | 575.0 | | $ | 587.1 | | $ | 748.9 | | $ | 842.6 | | | $ | 994.3 | | $ | 225.5 |
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Less: Income (loss) of equity investees included above | | | 0.2 | | | — | | | — | | | (0.7 | ) | | | 0.5 | | | — |
Capitalized interest | | | 0.6 | | | 0.1 | | | 0.3 | | | 0.1 | | | | — | | | — |
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| | $ | 574.2 | | $ | 587.0 | | $ | 748.6 | | $ | 843.2 | | | $ | 993.8 | | $ | 225.5 |
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Fixed Charges: | | | | | | | | | | | | | | | | | | | |
Interest expense (including capitalized interest) and amortization of debt discount and expenses | | $ | 135.6 | | $ | 100.5 | | $ | 76.9 | | $ | 76.1 | | | $ | 90.2 | | $ | 22.4 |
Portion of rentals representative of an interest factor | | | 18.0 | | | 17.0 | | | 17.5 | | | 16.3 | | | | 17.9 | | | 4.9 |
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Total Fixed Charges | | | 153.6 | | | 117.5 | | | 94.4 | | | 92.4 | | | | 108.1 | | | 27.3 |
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Total Earnings Available | | $ | 727.8 | | $ | 704.5 | | $ | 843.0 | | $ | 935.6 | | | $ | 1,101.9 | | $ | 252.8 |
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Ratio of Earnings to Fixed Charges | | | 4.74 | | | 6.00 | | | 8.93 | | | 10.13 | | | | 10.19 | | | 9.26 |