EXHIBIT (12) RATIO OF EARNINGS TO FIXED CHARGES Six Months Ended Year Ended December 31, June 30, ----------------------------------------------------- ----------------- 1997 1998 1999 2000 2001 2002 2001 ---- ---- ---- ---- ---- ---- ---- EARNINGS Income from continuing operations before income taxes, minority interests and cumulative effect of accounting change $629,196 $ 267,373 $229,915 $559,354 $433,734 $337,471 $146,437 ADJUSTMENTS Fixed charges 170,936 228,439 256,801 306,248 301,486 143,331 157,477 Capitalized interest (2,491) (630) (2,184) (1,726) -- -- -- ------------------------------------------------------ ------------------- Numerator - earnings available for fixed charges $797,641 $495,182 $486,532 $863,876 $735,220 $480,802 $303,914 ====================================================== =================== FIXED CHARGES Interest expense $112,529 $148,163 $176,652 $221,595 $218,100 $100,935 $114,667 Capitalized interest 2,491 630 2,184 1,726 -- -- -- Interest component of rental expense 55,916 79,646 77,965 82,927 83,386 42,396 42,810 ------------------------------------------------------ ------------------- Denominator - fixed charges $170,936 $228,439 $256,801 $306,248 $301,486 $143,331 $157,477 ====================================================== =================== RATIO OF EARNINGS TO FIXED CHARGES 4.7 2.2 1.9 2.8 2.4 3.4 1.9