|
Year
Ended December 31 |
||||||||||||||
|
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
|||||||||
|
Earnings
as Adjusted |
||||||||||||||
|
Earnings
from continuing operations |
269.8
|
135.2
|
103.5
|
84.7
|
202.2
|
|
143.1
|
|||||||
|
Plus: |
Income
tax provision |
108.7
|
65.9
|
58.1
|
47.5
|
121.1
|
76.2
|
|||||||
|
Interest
and other financial charges included in expense |
45.2
|
41.0
|
43.3
|
52.9
|
67.6
|
61.0
|
||||||||
|
Interest
portion of rent expense |
16.2
|
14.4
|
14.2
|
13.4
|
12.5
|
11.3
|
||||||||
|
Dividends
received from less-than 50% owned affiliates |
1.5
|
0.2
|
0.1
|
0.1
|
0.1
|
0.1
|
||||||||
Less: |
Equity
in earnings of less-than 50% owned affiliates |
6.6
|
5.2
|
0.8
|
0.3
|
0.2
|
0.2
|
|||||||
448.0
|
261.9
|
220.0
|
198.9
|
403.7
|
291.9
|
|||||||||
|
Fixed
Charges |
||||||||||||||
|
Interest
and other financial charges |
45.2
|
41.0
|
43.3
|
52.9
|
67.6
|
61.0
|
||||||||
|
Interest
portion of rent expense |
16.2
|
14.4
|
14.2
|
13.4
|
12.5
|
11.3
|
||||||||
Capitalized
interest |
1.2
|
1.5
|
0.8
|
-
|
-
|
0.6
|
||||||||
62.6
|
56.9
|
58.3
|
66.3
|
80.1
|
72.9
|
|||||||||
|
Ratio
of earnings to fixed charges |
7.2 |
x |
4.6 |
x |
3.8 |
x |
3.0 |
x |
5.0 |
x |
4.0 |
x | ||
|
(A) |
For
computation of the ratio earnings to fixed charges, “earnings”
have
been calculated by adding fixed charges (excluding capitalized
interest) to
earnings from continuing operations before income taxes and then
deducting
the undistributed earnings of affiliates. Fixed charged consist
of interest
expense, estimated interest portion of rental expense and capitalized
interest. |