MAYTAG CORPORATION Exhibit 12 Ratio of Earnings to Fixed Charges. MAYTAG CORPORATION Exhibit 12 Computation of Ratio of Earnings to Fixed Charges (Amounts in thousands of dollars except ratios) Year Ended December 31 1999 1998 1997 1996 1995 Consolidated pretax income from continuing operations before minority interest and extraordinary item $ 530,851 $ 470,885 $ 300,555 $ 228,237 $ 59,804 Interest expense 59,259 62,765 58,995 43,006 52,087 Depreciation of capitalized interest 2,750 2,952 2,530 1,553 1,695 Interest portion of rental expense 7,740 7,764 6,989 6,448 8,789 Earnings $ 600,600 $ 544,366 $ 369,069 $ 279,244 $ 122,375 Interest expense $ 59,259 $ 62,765 $ 58,995 $ 43,006 $ 52,087 Interest capitalized 72 17 4,191 8,905 2,534 Interest portion of rental expense 7,740 7,764 6,989 6,448 8,789 Fixed charges $ 67,071 $ 70,546 $ 70,175 $ 58,359 $ 63,410 Ratio of earnings to fixed charges 8.95 7.72 5.26 4.78 1.93