EXHIBIT 12 THE BLACK & DECKER CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars Except Ratio) Three Months Ended April 2, 2000 ------------------ EARNINGS: Earnings before income taxes $ 87.4 Interest expense 35.1 Portion of rent expense representative of an interest factor 6.9 ------- Adjusted earnings before taxes and fixed charges $ 129.4 ======= FIXED CHARGES: Interest expense $ 35.1 Portion of rent expense representative of an interest factor 6.9 ------- Total fixed charges $ 42.0 ======= RATIO OF EARNINGS TO FIXED CHARGES 3.08 =======