Exhibit 12
Ratio of Earnings To Combined Fixed Charges
And Preferred Stock Dividend Requirements
(In Millions)
| 9 months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
| Consolidated pretax income from continuing operations | $ | 526.6 | $ | 2,190.5 | $ | 1,266.4 | $ | 282.3 | $ | 672.7 | $ | 380.7 | ||||||||||||
| Undistributed earnings of non-consolidated affiliates | (22.7 | ) | 9.7 | 13.5 | (65.5 | ) | (35.1 | ) | (11.2 | ) | ||||||||||||||
| Amortization of capitalized interest | 2.7 | 3.6 | 3.6 | 3.0 | 5.6 | 2.0 | ||||||||||||||||||
| Interest expense | 141.2 | 216.5 | 70.1 | 39.0 | 39.8 | 22.6 | ||||||||||||||||||
| Acceleration of debt issuance costs | — | — | — | — | — | 0.8 | ||||||||||||||||||
| Interest portion of rental expense | 2.8 | 3.6 | 4.6 | 5.8 | 8.4 | 4.7 | ||||||||||||||||||
| Total Earnings | $ | 650.6 | $ | 2,423.9 | $ | 1,358.2 | $ | 264.6 | $ | 691.4 | $ | 399.6 | ||||||||||||
| Interest expense | $ | 141.2 | $ | 216.5 | $ | 70.1 | $ | 39.0 | $ | 39.8 | 22.6 | |||||||||||||
| Acceleration of debt issuance costs | — | — | — | — | — | 0.8 | ||||||||||||||||||
| Interest portion of rental expense | 2.8 | 3.6 | 4.6 | 5.8 | 8.4 | 4.7 | ||||||||||||||||||
| Preferred Stock dividend requirements | — | — | — | — | 1.4 | 6.7 | ||||||||||||||||||
| Fixed Charges Requirements | $ | 144.0 | $ | 220.1 | $ | 74.7 | $ | 44.8 | $ | 48.2 | $ | 28.1 | ||||||||||||
| Fixed Charges and Preferred Stock Dividend Requirements | $ | 144.0 | $ | 220.1 | $ | 74.7 | $ | 44.8 | $ | 49.6 | $ | 34.8 | ||||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES | 4.5 | x | 11.0 | x | 18.2 | x | 5.9 | x | 14.3 | x | 14.2 | x | ||||||||||||
| RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS | 4.5 | x | 11.0 | x | 18.2 | x | 5.9 | x | 13.9 | x | 11.5 | x | ||||||||||||