Exhibit 12
Harley-Davidson, Inc.
Computation of Ratio of
Earnings to Fixed Charges
In millions
| Three months ended March 29, 2015 | ||||
Income from continuing operations before provision for income taxes | $ | 411.4 | ||
Add: Fixed charges | 48.2 | |||
Add: Amortization of capitalized interest | 0.2 | |||
Less: Capitalized interest | 0.5 | |||
|
| |||
Earnings | $ | 459.3 | ||
Fixed charges: | ||||
Interest incurred and amortization of debt issue costs | $ | 47.8 | ||
Estimate of interest within rental expense | 0.4 | |||
|
| |||
| $ | 48.2 | |||
Ratio | 9.5 | |||