EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS, EXCEPT RATIO OF EARNINGS TO FIXED CHARGES)
Year Ended December 31,
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2001 2000 1999 1998 1997
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Income before provision for national income taxes,
minority interests in net income (loss) of
subsidiaries, equity (income) loss of affiliates
and extraordinary items $ 110.4 $ 484.2 $ 443.0 $ 214.8 $ 345.8
Fixed charges 293.6 349.3 253.8 130.7 113.6
Distributed income of affiliates 4.2 2.0 1.8 2.3 3.9
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Earnings $ 408.2 $ 835.5 $ 698.6 $ 347.8 $ 463.3
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Interest expense $ 254.7 $ 316.2 $ 235.1 $ 110.5 $ 101.0
Portion of lease expense representative of interest 38.9 33.1 18.7 20.2 12.6
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Fixed Charges $ 293.6 $ 349.3 $ 253.8 $ 130.7 $ 113.6
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Ratio of Earnings to Fixed Charges 1.4x 2.4x 2.8x 2.7x 4.1x