EXHIBIT 12
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NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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YEAR ENDED DECEMBER 31
2001 2000 1999 1998 1997
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(IN THOUSANDS, EXCEPT RATIO DATA)
<s> <c> <c> <c> <c> <c>
EARNINGS AVAILABLE TO FIXED CHARGES:
Income before income taxes $415,865 $685,487 $230,939 $816,973 $544,590
Fixed Charges -
Interest expense 137,453 130,033 100,021 100,514 114,357
Portion of rent determined
to be interest (1) 36,951 33,957 30,319 26,287 23,343
Minority interest in income
of subsidiary trust 26,707 26,725 26,771 26,692 1,528
Equity earnings (7,221) (7,996) (8,118) (7,127) (5,831)
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$609,755 $868,206 $379,932 $963,339 $677,987
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FIXED CHARGES:
Interest expense $137,453 $130,033 $100,021 $100,514 $114,357
Portion of rent determined
to be interest (1) 36,951 33,957 30,319 26,287 23,343
Minority interest in income
subsidiary trust 26,707 26,725 26,771 26,692 1,528
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$201,111 $190,715 $157,111 $153,493 $139,228
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RATIO OF EARNINGS TO FIXED CHARGES 3.03 4.55 2.42 6.28 4.87
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(1) A standard ratio of 33% was applied to gross rent expense to
approximate the interest portion of short-term and long-term
leases.