EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Quarter Ended ----------------------------- September 28, September 29, (In millions, except ratios) 2001 2000 ----------------------------- EARNINGS: Net Income $ 17.1 $ (34.8) Plus: Income taxes 8.8 20.9 Fixed charges 10.0 9.9 Amortization of capitalized interest - - Less: Interest capitalized during the period - - Undistributed earnings in equity investments - (1.7) -------- -------- $ 35.9 $ (5.7) ======== ======== FIXED CHARGES: Interest expense $ 8.2 $ 8.1 Plus: Interest capitalized during the period - - Portion of rents deemed representative of the interest factor 1.8 1.8 -------- -------- $ 10.0 $ 9.9 ======== ======== RATIO OF EARNINGS TO FIXED CHARGES 3.59 (0.58) ======== ========