EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED
CHARGES
Six Month Ended Year Ended December 31
June 30
2000 1999 1998 1997 1996 1995
(in millions, except ratios)
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Earnings
Income (Loss) Before Income Taxes $426.0 $(165.5) $ 920.2 $ 916.7 $567.8 $557.9
Fixed Charges 96.9 155.2 138.3 101.1 71.9 73.1
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Adjusted Earnings $522.9 $ (10.3) $1,058.5 $1,017.8 $639.7 $631.0
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Fixed Charges
Interest and Debt Expense $ 89.0 $ 137.8 $ 119.9 $ 84.9 $ 58.5 $ 59.5
Amortization of Deferred Debt Costs 1.2 2.4 3.3 0.7 - 0.7
Portion of Rents Deemed
Representative of Interest (a) 6.7 15.0 15.1 15.5 13.4 12.9
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Total Fixed Charges $ 96.9 $ 155.2 $ 138.3 $ 101.1 $ 71.9 $ 73.1
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Ratio of Earnings to Fixed Charges 5.4 (0.1) 7.7 10.1 8.9 8.6
(a) Generally deemed to be one-third of rental expense.
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