Attached files
NEWELL RUBBERMAID INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Years Ended December 31, | ||||||||||
| (dollars in millions) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||
| Earnings Available for Fixed Charges: |
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| Income before income taxes |
$ 428.2 | $ 3.8 | $ 632.0 | $ 518.5 | $ 466.2 | |||||
| Equity in earnings of affiliates |
(0.6) | (1.3) | (0.1) | (0.9) | (0.9) | |||||
| Income attributable to noncontrolling interests |
— | (2.0) | (3.1) | (3.6) | (2.8) | |||||
| Total earnings |
427.6 | 0.5 | 628.8 | 514.0 | 462.5 | |||||
| Fixed charges - |
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| Interest expense (1) |
146.3 | 146.8 | 118.0 | 138.8 | 142.1 | |||||
| Portion of rent determined to be interest (2) |
39.7 | 42.6 | 36.2 | 35.1 | 34.2 | |||||
| $ 613.6 | $ 189.9 | $ 783.0 | $ 687.9 | $ 638.8 | ||||||
| Fixed Charges: |
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| Interest expensed and capitalized |
$ 147.5 | $ 147.5 | $ 120.9 | $ 140.2 | $ 142.1 | |||||
| Portion of rent determined to be interest (2) |
39.7 | 42.6 | 36.2 | 35.1 | 34.2 | |||||
| $ 187.2 | $ 190.1 | $ 157.1 | $ 175.3 | $ 176.3 | ||||||
| Ratio of Earnings to Fixed Charges |
3.28 | 1.00 | 4.98 | 3.92 | 3.62 | |||||
| (1) | Excludes interest capitalized during the year. |
| (2) | A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases. |