Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in millions, except ratio information)
| Fiscal Years Ended December 31, | Six Months 2008 | |||||||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||
Income from continuing | ||||||||||||
operations before income taxes | 540.4 | 615.3 | 640.7 | 720.9 | 802.3 | 399.7 | ||||||
Fixed Charges: | ||||||||||||
Interest on long-term and short-term debt including amortization of debt expense | 40.9 | 36.1 | 34.4 | 47.8 | 56.6 | 37.2 | ||||||
Portion of rental expense as can be demonstrated to be representative of the interest factor | 34.7 | 35.5 | 39.9 | 43.6 | 53.0 | 29.2 | ||||||
Total fixed charges | 75.6 | 71.6 | 74.3 | 91.4 | 109.6 | 66.4 | ||||||
Earnings before income taxes plus fixed charges | 616.0 | 686.9 | 715.0 | 812.3 | 911.9 | 466.1 | ||||||
Ratio of earnings to fixed charges | 8.15 | 9.59 | 9.62 | 8.89 | 8.32 | 7.02 | ||||||