Exhibit 12.1

Brunswick Corporation
Computation of Ratio of Earnings (Loss) to Fixed Charges(A)  
(in millions)

 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
 
2009
 
2008
Earnings (loss) as Adjusted
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
147.4

 
$
90.6

 
$
(64.0
)
 
$
(513.1
)
 
$
(663.7
)
Add:
Income tax provision (benefit)
33.6

 
20.1

 
25.9

 
(104.6
)
 
183.1

 
Interest and other financial charges included in expense
68.1

 
81.8

 
94.4

 
86.1

 
54.2

 
Interest portion of rent expense
15.0

 
15.7

 
16.3

 
18.8

 
23.5

 
Dividends received from 50%-or-less-owned affiliates
0.3

 
0.4

 
2.4

 
0.3

 
5.4

Subtract:
Earnings (loss) from 50%-or-less-owned affiliates
(3.8
)
 
(4.7
)
 
(3.0
)
 
(15.7
)
 
6.5

 
 
$
268.2

 
$
213.3

 
$
78.0

 
$
(496.8
)
 
$
(404.0
)
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest and other financial charges
$
68.1

 
$
81.8

 
$
94.4

 
$
86.1

 
$
54.2

 
Interest portion of rent expense
15.0

 
15.7

 
16.3

 
18.8

 
23.5

 
Capitalized interest
0.5

 
1.8

 
0.9

 
0.2

 
1.2

 
 
$
83.6

 
$
99.3

 
$
111.6

 
$
105.1

 
$
78.9

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.2
x
 
2.1
x
 
0.7
x
 
(4.7
)x
 
(5.1
)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.