1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Three Quarters Ended ----------- ---------- March 30, March 31, (Continuing operations in millions, except ratios) 2001 2000 ----------- ---------- EARNINGS: Net Income $ (7.7) $ 8.6 Plus: Income taxes 35.4 4.6 Fixed charges 32.0 22.0 Amortization of capitalized interest - - Less: Interest capitalized during the period - - Undistributed earnings in equity investments 1.3 3.8 ------ ------ $ 61.0 $ 39.0 ====== ====== FIXED CHARGES: Interest expense $ 26.6 $ 16.6 Plus: Interest capitalized during the period - - Portion of rents deemed representative of the interest factor 5.4 5.4 ------ ------ $ 32.0 $ 22.0 ====== ====== RATIO OF EARNINGS TO FIXED CHARGES 1.91 1.77 ====== ====== 22