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FMC Corporation
Quarterly Report
on Form 10-Q for
June 30, 2001
Exhibit 12 Statement re:
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Computation of Ratios of Earnings to Fixed Charges
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(In millions, except ratio data)
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Six Months Ended
June 30,
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2001 2000
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Earnings:
(Loss) income before income taxes and
the cumulative effect of a change in
accounting principle $(427.8) $83.3
Minority interests 2.4 1.5
Loss of affiliates 0.3 (8.5)
Interest expense and amortization
of debt discount, fees and expenses 46.5 51.3
Amortization of capitalized interest 1.9 1.7
Interest included in rental expense 7.8 8.4
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Total (losses) earnings $(368.9) $137.7
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Fixed charges:
Interest expense and amortization
of debt discount, fees and expenses $ 46.5 $ 51.3
Interest capitalized as part of
property, plant and equipment 6.1 4.7
Interest included in rental expense 7.8 8.4
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Total fixed charges $ 60.4 $ 64.4
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Ratio of (losses) earnings to fixed
charges (1) (6.1)% 2.1%
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(1) Excluding asset impairments and restructuring and other charges in 2001 and
2000, the company's ratio of earnings to fixed charges was 2.5% and 3.0%,
respectively.