EXHIBIT 12
Ratio of Earnings to Fixed Charges Computation
| Year Ended December 31, | ||||||||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||
| (In millions except ratio of earnings to fixed charges) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
| Income from continuing operations before income taxes and minority interest | $ | 475.8 | $ | 248.7 | $ | 113.8 | $ | 104.5 | $ | 0.3 | ||||||||||
| Portion of rents representative of interest expense | 14.9 | 8.7 | 6.1 | 5.9 | 3.0 | |||||||||||||||
| Interest on indebtedness, including amortization of deferred loan costs | 78.4 | 88.1 | 103.3 | 116.0 | 124.0 | |||||||||||||||
| Amortization of capitalized interest | ||||||||||||||||||||
| Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges | (0.6 | ) | (5.6 | ) | (3.8 | ) | (2.8 | ) | (2.1 | ) | ||||||||||
| Earnings, as adjusted | 568.4 | 339.9 | 219.4 | 223.6 | 125.2 | |||||||||||||||
Fixed Charges: | ||||||||||||||||||||
| Portion of rents representative of interest expense | $ | 14.9 | $ | 8.7 | $ | 6.1 | $ | 5.9 | $ | 3.0 | ||||||||||
| Interest on indebtedness, including amortization of deferred loan costs | 78.3 | 88.1 | 103.3 | 116.0 | 124.0 | |||||||||||||||
| Capitalized interest | 0.0 | 0.5 | 1.2 | 1.2 | 1.9 | |||||||||||||||
| Total fixed charges | $ | 93.2 | $ | 97.3 | $ | 110.6 | $ | 123.1 | $ | 128.9 | ||||||||||
Ratio of earnings to fixed charges | 6.10x | 3.49x | 1.98x | 1.82x | — | |||||||||||||||
For the year ended December 31, 2002, our earnings were inadequate to cover our fixed charges by $3.7 million.