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EXHIBIT 12.1 -- COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio of earnings to fixed charges)
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<Caption>
Six Months Ended
-------------------- Year Ended December 31,
June 30, July 1, -----------------------------------------------
2001 2000 2000 1999 1998 1997 1996
--------- -------- ------- ------- ------- ------- -------
Income before provision for national income taxes,
minority interests in net income (loss) of subsidiaries,
equity (income) loss of affiliates, and extraordinary items $ 107.9 $ 249.1 $ 484.2 $ 443.0 $ 214.8 $ 345.8 $ 253.4
Fixed Charges 150.5 176.1 349.3 253.8 130.7 113.6 112.7
Distributed income of affiliates 2.1 - 2.0 1.8 2.3 3.9 3.0
------- ------- ------- ------- ------- ------- -------
Earnings $ 260.5 $ 425.2 $ 835.5 $ 698.6 $ 347.8 $ 463.3 $ 369.1
======= ======= ======= ======= ======= ======= =======
Interest expense $ 135.8 $ 159.5 $ 316.2 $ 235.1 $ 110.5 $ 101.0 $ 102.8
Portion of lease expense representative of interest 14.7 16.6 33.1 18.7 20.2 12.6 9.9
------- ------- ------- ------- ------- ------- -------
Fixed Charges $ 150.5 $ 176.1 $ 349.3 $ 253.8 $ 130.7 $ 113.6 $ 112.7
======= ======= ======= ======= ======= ======= =======
Ratio of Earnings to Fixed Charges 1.7 2.4 2.4 2.8 2.7 4.1 3.3
Fixed Charges in Excess of Earnings - - - - - - -
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