Exhibit 12
Ratio of Earnings To Combined Fixed Charges
And Preferred Stock Dividend Requirements
(In Millions)
| Year Ended December 31, | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| Consolidated pretax income from continuing operations |
$ | 2,241.5 | $ | 1,303.0 | $ | 296.5 | $ | 718.6 | $ | 380.7 | ||||||||||
| Undistributed earnings of non-consolidated affiliates |
9.7 | 13.5 | (65.5 | ) | (35.1 | ) | (11.2 | ) | ||||||||||||
| Amortization of capitalized interest |
3.6 | 3.6 | 3.0 | 5.6 | 2.0 | |||||||||||||||
| Interest expense |
216.5 | 70.1 | 39.0 | 39.8 | 22.6 | |||||||||||||||
| Acceleration of debt issuance costs |
— | — | — | — | 0.8 | |||||||||||||||
| Interest portion of rental expense |
3.6 | 4.6 | 5.8 | 8.4 | 4.7 | |||||||||||||||
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| Total Earnings |
$ | 2,474.9 | $ | 1,394.8 | $ | 278.8 | $ | 737.3 | $ | 399.6 | ||||||||||
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| Interest expense |
$ | 216.5 | $ | 70.1 | $ | 39.0 | $ | 39.8 | $ | 22.6 | ||||||||||
| Acceleration of debt issuance costs |
— | — | — | — | 0.8 | |||||||||||||||
| Interest portion of rental expense |
3.6 | 4.6 | 5.8 | 8.4 | 4.7 | |||||||||||||||
| Preferred Stock dividend requirements |
— | — | — | 1.4 | 6.7 | |||||||||||||||
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| Fixed Charges Requirements |
$ | 220.1 | $ | 74.7 | $ | 44.8 | $ | 48.2 | $ | 28.1 | ||||||||||
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| Fixed Charges and Preferred Stock Dividend Requirements |
$ | 220.1 | $ | 74.7 | $ | 44.8 | $ | 49.6 | $ | 34.8 | ||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
11.2x | 18.7x | 6.2x | 15.3x | 14.2x | |||||||||||||||
| RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS |
11.2x | 18.7x | 6.2x | 14.9x | 11.5x | |||||||||||||||