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FMC Corporation
Quarterly Report
on Form 10-Q for
March 31, 1996
Exhibit 12 Computation of Ratios of Earnings to Fixed Charges
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(In millions, except ratio data)
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Three Months Ended
March 31,
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1996 1995
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Earnings:
Income before income taxes $ 77.8 $ 74.9
Minority interests 23.3 16.5
Undistributed (earnings) losses of
affiliates (2.9) 0.2
Interest expense and amortization
of debt discount, fees and expenses 24.0 18.5
Amortization of capitalized interest 2.0 2.0
Interest included in rental expense 3.7 5.3
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Total earnings $127.9 $117.4
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Fixed charges:
Interest expense and amortization
of debt discount, fees and expenses $ 24.0 $ 18.5
Interest capitalized as part of
fixed assets 3.7 2.5
Interest included in rental expense 3.7 5.3
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Total fixed charges $ 31.4 $ 26.3
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Ratio of earnings to fixed charges 4.1x 4.5x
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