EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED
CHARGES
Three Months Year Ended December 31
Ended
March 31
2001 2000 1999 1998 1997 1996
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(in millions, except ratios)
Earnings
Income (Loss) Before Income Taxes $225.5 $ 865.6 $(165.5) $ 920.2 $ 916.7 $567.8
Fixed Charges 46.2 197.1 155.2 138.3 101.1 71.9
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Adjusted Earnings $271.7 $1,062.7 $ (10.3) $1,058.5 $1,017.8 $639.7
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Fixed Charges
Interest and Debt Expense $ 42.8 $ 181.8 $ 137.8 $ 119.9 $ 84.9 $ 58.5
Amortization of Deferred Debt Costs 0.5 2.4 2.4 3.3 0.7 -
Portion of Rents Deemed
Representative of Interest (a) 2.9 12.9 15.0 15.1 15.5 13.4
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Total Fixed Charges $ 46.2 $ 197.1 $ 155.2 $ 138.3 $ 101.1 $ 71.9
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Ratio of Earnings to Fixed Charges 5.9 5.4 (0.1) 7.7 10.1 8.9
(a) Generally deemed to be one-third of rental expense.