1 EXHIBIT 12.2 -- COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS, EXCEPT RATIO OF EARNINGS TO FIXED CHARGES) Pro Forma ----------------------------------------- Year Six Months Ended Ended 12/31/98 7/3/99 --------------- --------------------- Income before provision for national income taxes, minority interests in net income (loss) of subsidiaries, equity (income) loss of affiliates, and extraordinary items $ 24.0 $205.5 Fixed charges 310.3 158.8 Distributed income of affiliates 2.3 - -------------- -------------------- Earnings $336.6 $ 364.3 ============== ==================== Interest expense $283.3 $143.1 Portion of lease expense representative of interest (1) 27.0 15.7 -------------- -------------------- Fixed Charges $310.3 $158.8 ============== ==================== Ratio of Earnings to Fixed Charges 1.1 2.3 Fixed Charges in Excess of Earnings - -