Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratio of earnings to fixed charges)
Two Month | Ten Month | |||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | Period Ended | Period Ended | Year Ended | |||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | November 7, | December 31, | |||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2009 | 2008 | |||||||||||||||||||
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of afffiliates | $ | 648.9 | $ | 615.7 | $ | 448.8 | $ | (33.8 | ) | $ | (276.5 | ) | $ | (541.4 | ) | |||||||||
Fixed charges | 86.2 | 72.8 | 82.1 | 15.3 | 177.5 | 226.9 | ||||||||||||||||||
Distributed income of affiliates | 14.0 | 43.6 | 7.4 | 0.6 | 4.7 | 4.1 | ||||||||||||||||||
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Earnings | $ | 749.1 | $ | 732.1 | $ | 538.3 | $ | (17.9 | ) | $ | (94.3 | ) | $ | (310.4 | ) | |||||||||
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Interest expense | $ | 49.9 | $ | 39.7 | $ | 55.4 | $ | 11.1 | $ | 151.4 | $ | 190.3 | ||||||||||||
Portion of lease expense representative of interest | 36.3 | 33.1 | 26.7 | 4.2 | 26.1 | 36.6 | ||||||||||||||||||
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Fixed charges | $ | 86.2 | $ | 72.8 | $ | 82.1 | $ | 15.3 | $ | 177.5 | $ | 226.9 | ||||||||||||
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Ratio of Earnings to Fixed Charges (1) | 8.7 | 10.1 | 6.6 | — | — | — | ||||||||||||||||||
Fixed Charges in Excess of Earnings | $ | — | $ | — | $ | — | $ | 33.2 | $ | 271.8 | $ | 537.3 |
(1) | Earnings in the two month period ended December 31, 2009, the ten month period ended November 7, 2009, and in the year ended December 31, 2008, were insufficient to cover fixed charges by $33.2 million, $271.8 million and $537.3 million, respectively. Accordingly, such ratios are not presented. |