. . . Exhibit 12 Computation of Ratio of Earnings to Fixed Charges (all amounts except ratios are shown in millions) Nine Months Nine Months Ended Ended September 30, 2004 September 30, 2003 ------------------ ------------------ Income from continuing operations before income taxes and minority interest losses $ 135.1 $ 18.0 Less: Equity in earnings of 50%-or-less owned companies (4.0) (0.8) Add: Fixed charges net of capitalized interest 31.0 36.3 Add: Amortization expense of previously capitalized interest 0.9 1.0 -------- ------- Total earnings $ 163.0 $ 54.5 Fixed charges 31.0 36.3 Ratio of earnings to fixed charges 5.3 1.5