Exhibit 12
PREMARK INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
(Unaudited)
26 Weeks ended Fiscal Year Ended
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June 27, June 28, Dec. 27, Dec. 28, Dec. 30, Dec. 31, Dec. 25,
1998 1997 1997 1996 1995 1994 1993
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Historical
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Income before income taxes .............. $ 91.4 $ 80.8 $174.7 $112.9 $120.3 $110.8 $ 74.4
Fixed charges:
Interest (expended or capitalized) .. 6.8 6.0 12.3 16.5 27.3 20.8 16.1
Estimated interest factor on
operating lease payments .......... 6.1 5.9 12.2 11.7 11.5 10.8 11.3
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Total fixed charges ..................... 12.9 11.9 24.5 28.2 38.8 31.6 27.4
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Earnings:
Income before income taxes .......... 91.4 80.8 174.7 112.9 120.3 110.8 74.4
Fixed charges ....................... 12.9 11.9 24.5 28.2 38.8 31.6 27.4
Interest capitalized ................ - - - - (0.6) (0.6) (0.6)
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Earnings before income taxes and fixed
charges ............................... $104.3 $ 92.7 $199.2 $141.1 $158.5 $141.8 $101.2
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Ratio of earnings to fixed charges ...... 8.1X 7.8X 8.1X 5.0X<F1> 4.1X 4.5X 3.7X
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[FN]
<F1> Excluding the $43.1 million pre-tax charge described under "Historical
Selected Financial Information," the ratio would have been 6.5.