. . . Exhibit 12 Computation of Ratio of Earnings to Fixed Charges (all amounts except ratios are shown in millions) Three Months Three Months Ended Ended March 31, 2004 March 31, 2003 -------------- -------------- Income from continuing operations before income taxes and minority interest losses $ 67.6 $ 2.8 Less: Equity in earnings of 50%-or-less owned companies (2.1) (0.5) Add: Fixed charges net of capitalized interest 9.5 9.5 Add: Amortization expense of previously capitalized interest 0.3 0.3 ------- ------- Total earnings $ 75.3 $ 12.1 Fixed charges 9.5 9.5 Ratio of earnings to fixed charges 7.9 1.3