EXHIBIT 12.1
COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Three Months
Year Ended Ended
December 31, March 31,
2001 2002
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Computation of Pro Forma Earnings:
Income before taxes $ 1,348.5 $ 405.5
Net interest expense 43.8 12.0
Interest portion of operating lease expense 15.5 4.0
Equity in (earnings) losses of 50%-or-less owned
companies accounted for under the equity method (16.1) (8.7)
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Pro Forma Earnings $ 1,391.7 $ 412.8
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Computation of Pro Forma Fixed Charges:
Net interest expense $ 43.8 $ 12.0
Capitalized interest 12.7 1.6
Interest portion of operating lease expense 15.5 4.0
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Pro Forma Fixed Charges $ 72.0 $ 17.6
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Pro Forma Ratio of Earnings to Fixed Charges 19.3 23.5
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