EXHIBIT 12
AMERICAN STANDARD INC.
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
For the Years ended December 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 476.4 | $ | 556.2 | $ | 549.2 | $ | 362.9 | $ | 725.9 | $ | 127.1 | $ | 120.9 | ||||||||||||||
Equity in net (income) loss of associated companies net of dividends received | (2.8 | ) | (13.5 | ) | (14.3 | ) | (15.8 | ) | (20.6 | ) | (7.3 | ) | (3.3 | ) | ||||||||||||||
Amortization of capitalized interest | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 0.6 | 0.6 | |||||||||||||||||||||
Interest expense | 168.7 | 129.0 | 117.0 | 114.9 | 118.3 | 29.6 | 30.5 | |||||||||||||||||||||
Rental expense factor | 53.2 | 58.6 | 37.5 | 38.7 | 41.8 | 10.4 | 10.9 | |||||||||||||||||||||
Earnings available for fixed charges | $ | 697.8 | $ | 732.6 | $ | 691.7 | $ | 503.0 | $ | 867.7 | $ | 160.4 | $ | 159.6 | ||||||||||||||
Interest expense | $ | 168.7 | $ | 129.0 | $ | 117.0 | $ | 114.9 | $ | 118.3 | $ | 29.6 | $ | 30.5 | ||||||||||||||
Capitalized interest | 4.8 | 2.6 | 0.9 | 0.2 | 0.5 | 0.1 | 0.3 | |||||||||||||||||||||
Rental expense factor | 53.2 | 58.6 | 37.5 | 38.7 | 41.8 | 10.4 | 10.9 | |||||||||||||||||||||
Fixed charges | $ | 226.7 | $ | 190.2 | $ | 155.4 | $ | 153.8 | $ | 160.6 | $ | 40.1 | $ | 41.7 | ||||||||||||||
Ratio of earnings to fixed charges | 3.1 | 3.9 | 4.5 | 3.3 | 5.4 | 4.0 | 3.8 |