1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Two Quarters Ended January 1, January 2, 1999 1998 ---------- ------- (Millions of Dollars, Except Ratios) EARNINGS: Net income . . . . . . . . . . . . . . . . . . . . . $ 81.2 $ 96.3 Plus: Income taxes. . . . . . . . . . . . . . . . . 41.7 49.6 Fixed charges . . . . . . . . . . . . . . . . 53.5 48.3 Amortization of capitalized interest. . . . . 1.0 .9 Less: Interest capitalized during the period. . . . (.1) (5.7) ------ ------ $177.3 $189.4 ====== ====== FIXED CHARGES: Interest expense . . . . . . . . . . . . . . . . . . $ 42.3 $ 33.3 Plus: Interest capitalized during the period. . . . .1 5.7 Portion of rents deemed representative of the interest factor. . . . . . . . . . . . . . . 11.1 9.3 ------ ------ $ 53.5 $ 48.3 ====== ====== RATIO OF EARNINGS TO FIXED CHARGES . . . . . . . . . 3.31 3.92 ==== ====