Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
1997 | 1998 | 1999 | 2000 | 2001 | Nine Months Ended September 30, 2001 | Nine Months Ended September 30, 2002 | |||||||||
Income (loss) from continuing operations before income taxes | (161.3 | ) | 81.5 | 105.5 | 207.6 | 332.3 | 258.1 | 341.7 | |||||||
Fixed Charges: | |||||||||||||||
Interest on long-term and short-term debt including amortization of debt expense | 71.7 |
| 48.7 | 41.6 | 38.5 | 27.0 | 22.8 | 13.7 | |||||||
Portion of rental expense as can be demonstrated to be representative of the interest factor | 22.6 |
| 22.5 | 22.3 | 23.8 | 24.9 | 18.7 | 21.4 | |||||||
Total fixed charges | 94.3 |
| 71.2 | 63.9 | 62.3 | 51.9 | 41.5 | 35.1 | |||||||
Earnings before income taxes and fixed charges | (67.0 | ) | 152.7 | 169.4 | 269.9 | 384.2 | 299.6 | 376.8 | |||||||
Ratio of earnings to fixed charges | N/A |
| 2.14 | 2.65 | 4.33 | 7.40 | 7.22 | 10.74 | |||||||