EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands, except ratio amounts)
(Dollars in thousands, except ratio amounts)
| Six Months Ended | ||||||||||||||||||||||||||||
| June 30, | Years Ended December 31, | |||||||||||||||||||||||||||
| 2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
| Income (loss) from continuing operations before taxes | $ | 194.8 | $ | (44.0 | ) | $ | (94.2 | ) | $ | 439.6 | $ | 264.7 | $ | 208.6 | $ | 308.2 | ||||||||||||
| Share of undistributed losses from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | — | 1.3 | 0.9 | (1.4 | ) | 1.3 | 5.7 | 4.8 | ||||||||||||||||||||
| Amortization of capitalized interest | 1.8 | 1.3 | 4.1 | 1.8 | 1.4 | 1.2 | 1.2 | |||||||||||||||||||||
| Interest expense | 19.6 | 16.9 | 41.9 | 44.4 | 42.3 | 49.0 | 51.3 | |||||||||||||||||||||
| Interest portion of rental expense | 4.0 | 4.4 | 8.5 | 8.7 | 7.5 | 5.0 | 3.4 | |||||||||||||||||||||
| Earnings (loss) | $ | 220.2 | $ | (20.1 | ) | $ | (38.8 | ) | $ | 493.1 | $ | 317.2 | $ | 269.5 | $ | 368.9 | ||||||||||||
| Interest | 20.2 | 18.1 | 43.7 | 47.4 | 48.0 | 52.3 | 51.9 | |||||||||||||||||||||
| Interest portion of rental expense | 4.0 | 4.4 | 8.5 | 8.7 | 7.5 | 5.0 | 3.4 | |||||||||||||||||||||
| Fixed Charges | $ | 24.2 | $ | 22.5 | $ | 52.2 | $ | 56.1 | $ | 55.5 | $ | 57.3 | $ | 55.3 | ||||||||||||||
| Ratio of Earnings to Fixed Charges | 9.10 | (0.89 | ) | (0.74 | ) | 8.79 | 5.71 | 4.70 | 6.67 | |||||||||||||||||||