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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)
Three Months Ended,
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4/3/99 3/28/98
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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 $ 83.7 $ 77.7
Fixed charges 35.0 28.9
Distributed income of affiliates - -
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Earnings $ 118.7 $ 106.6
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Interest expense $ 30.1 $ 24.7
Portion of lease expense representative of interest 4.9 4.2
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Fixed Charges $ 35.0 $ 28.9
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Ratio of Earnings to Fixed Charges 3.4 3.7
Fixed Charges in Excess of Earnings - -
Year Ended December 31,
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1998 1997 1996 1995 1994
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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 $ 214.8 $ 345.8 $ 253.4 $ 152.9 $ 114.6
Fixed charges 130.7 113.6 112.7 82.6 52.2
Distributed income of affiliates 2.3 3.9 3.0 1.3 0.9
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Earnings $ 347.8 $ 463.3 $ 369.1 $ 236.8 $ 167.7
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Interest expense $ 110.5 $ 101.0 $ 102.8 $ 75.5 $ 46.7
Portion of lease expense representative of interest 20.2 12.6 9.9 7.1 5.5
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Fixed Charges $ 130.7 $ 113.6 $ 112.7 $ 82.6 $ 52.2
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Ratio of Earnings to Fixed Charges 2.7 4.1 3.3 2.9 3.2
Fixed Charges in Excess of Earnings - - - - -