COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions)
2000 1999 1998
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Net Earnings (Loss) $148.5 $127.2 $(4.8)
Add (Deduct):
Income taxes 85.4 70.7 15.6
Minority interest in earnings
of consolidated subsidiaries 3.0 0.2 4.3
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Net Earnings as Defined 236.9 198.1 15.1
Fixed Charges:
Interest on debt 40.7 27.4 21.2
Interest element of rentals 5.3 5.0 3.6
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Total Fixed Charges 46.0 32.4 24.8
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Total Adjusted Earnings Available
for Payment of Fixed Charges $282.9 $230.5 $39.9
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Ratio of Earnings to Fixed Charges 6.2 7.1 1.6
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For purpose of computing this ratio, "earnings" consist of (a) income
from continuing operations before income taxes (adjusted for minority
interest) and (b) "fixed charges" consist of interest on debt and the
estimated interest portion of rents.