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Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(all amounts except ratios are shown in millions)
(all amounts except ratios are shown in millions)
| Nine Months Ended | ||||||||
| September 30 | ||||||||
| 2005 | 2004 | |||||||
| Income from continuing operations before income taxes and minority interest losses | $ | 26.7 | $ | 135.1 | ||||
| Less: Equity in earnings of 50%-or-less owned companies | (3.9 | ) | (4.0 | ) | ||||
| Add: Fixed charges net of capitalized interest | 30.4 | 30.1 | ||||||
| Add: Amortization expense of previously capitalized interest | 1.0 | 1.0 | ||||||
| Total earnings | $ | 54.2 | $ | 162.2 | ||||
| Fixed charges | 30.4 | 30.1 | ||||||
| Ratio of earnings to fixed charges | 1.8 | 5.4 | ||||||