Exhibit 12.1

 
Brunswick Corporation
       
 
         
Computation of Ratio of Earnings (Loss) to Fixed Charges(A)
                   
(in millions)
                     
                       
     Year Ended December 31,
   
2010
 
2009
 
2008
 
2007
 
2006
 
Earnings (loss) as Adjusted
                   
 
Earnings (loss) from continuing operations
$ (110.6 ) $ (586.2 ) $ (788.1 ) $ 79.6   $ 263.2  
Add:
Income tax provision (benefit)
  25.9     (98.5 )   155.9     13.0     46.5  
 
Interest and other financial charges included in expense
  94.4     86.1     54.2     52.3     60.5  
 
Interest portion of rent expense
  17.6     19.3     24.0     23.9     22.7  
 
Dividends received from 50%-or-less-owned affiliates
  2.4     0.3     5.4     11.6     6.8  
Subtract:
Earnings (loss) from 50%-or-less-owned affiliates
  3.0     15.7     (6.5 )   (21.3 )   (14.8 )
    $ 32.7   $ (563.3 ) $ (555.1 ) $ 159.1   $ 384.9  
                                 
Fixed Charges
                             
 
Interest and other financial charges
$ 94.4   $ 86.1   $ 54.2   $ 52.3   $ 60.5  
 
Interest portion of rent expense
  17.6     19.3     24.0     23.9     22.7  
 
Capitalized interest
  0.9     0.2     1.2     2.3     2.8  
    $ 112.9   $ 105.6   $ 79.4   $ 78.5   $ 86.0  
                                 
                                 
Ratio of earnings to fixed charges
  0.3  x   (5.3 )x   (7.0 )x   2.0  x   4.5  x
                                 
                                 
                                 
(A) For computation of the ratio of earnings (loss) to fixed charges, earnings (loss) have been calculated by adding fixed charges to earnings (loss) from continuing operations before income taxes and dividends received from equity affiliates, then deducting the undistributed earnings (loss) of affiliates. Fixed charges consist of interest expense, estimated interest portion of rental expense and capitalized interest.