EXHIBIT 12 |
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| Three months ended |
| Nine months ended |
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(in thousands) |
| 2002 |
| 2001 |
| 2002 |
| 2001 |
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EARNINGS AS DEFINED: |
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Earnings from operations before income taxes after eliminating undistributed earnings of 20%- to 50%-owned affiliates |
| $ | 80,281 |
| $ | 39,817 |
| $ | 190,737 |
| $ | 241,151 |
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Fixed charges excluding capitalized interest and preferred stock dividends of majority-owned subsidiary companies |
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| 9,458 |
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| 9,900 |
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| 25,806 |
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| 35,935 |
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Earnings as defined |
| $ | 89,739 |
| $ | 49,717 |
| $ | 216,543 |
| $ | 277,086 |
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FIXED CHARGES AS DEFINED: |
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Interest expense, including amortization of debt issue costs |
| $ | 7,843 |
| $ | 8,417 |
| $ | 21,064 |
| $ | 31,737 |
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Interest capitalized |
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| 185 |
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| 179 |
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| 529 |
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| 591 |
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Portion of rental expense representative of the interest factor |
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| 1,615 |
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| 1,483 |
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| 4,742 |
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| 4,198 |
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Preferred stock dividends of majority-owned subsidiary companies |
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| 20 |
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| 20 |
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| 60 |
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| 60 |
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Fixed charges as defined |
| $ | 9,663 |
| $ | 10,099 |
| $ | 26,395 |
| $ | 36,586 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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| 9.29 |
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| 4.92 |
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| 8.20 |
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| 7.57 |
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E-2