EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||||||||||||
2011 | 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||||
Income (loss) from continuing operations before tax | 355.0 | 194.8 | 405.5 | (94.2 | ) | 439.6 | 264.7 | 208.6 | ||||||||||||||||||||
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | 0.3 | — | (0.2 | ) | 0.9 | (1.4 | ) | 1.3 | 5.7 | |||||||||||||||||||
Amortization of capitalized interest | 1.0 | 1.5 | 2.0 | 1.9 | 1.8 | 1.4 | 1.2 | |||||||||||||||||||||
Interest expense | 19.1 | 19.6 | 38.2 | 41.9 | 44.4 | 42.3 | 49.0 | |||||||||||||||||||||
Interest portion of rental expense | 3.6 | 4.0 | 8.0 | 8.5 | 8.7 | 7.5 | 5.0 | |||||||||||||||||||||
Earnings (loss) | 379.0 | 219.9 | 453.5 | (41.0 | ) | 493.1 | 317.2 | 269.5 | ||||||||||||||||||||
Interest | 19.3 | 19.8 | 38.9 | 43.7 | 47.4 | 48.0 | 52.3 | |||||||||||||||||||||
Interest portion of rental expense | 3.6 | 4.0 | 8.0 | 8.5 | 8.7 | 7.5 | 5.0 | |||||||||||||||||||||
Fixed Charges | 22.9 | 23.8 | 46.9 | 52.2 | 56.1 | 55.5 | 57.3 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 16.55 | 9.24 | 9.67 | (0.79 | ) | 8.79 | 5.72 | 4.70 | ||||||||||||||||||||