LEGGETT & PLATT INC - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 5, 2011

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - LEGGETT & PLATT INCFinancial_Report.xls
10-Q - FORM 10-Q - LEGGETT & PLATT INCd10q.htm
EX-31.1 - CERTIFICATION OF DAVID S. HAFFNER, PURSUANT TO RULE 13A-14(A) - LEGGETT & PLATT INCdex311.htm
EX-31.2 - CERTIFICATION OF MATTHEW C. FLANIGAN, PURSUANT TO RULE 13A-14(A) - LEGGETT & PLATT INCdex312.htm
EX-32.2 - CERTIFICATION OF MATTHEW C. FLANIGAN, PURSUANT TO 18 U.S.C. SECTION 1350 - LEGGETT & PLATT INCdex322.htm
EX-32.1 - CERTIFICATION OF DAVID S. HAFFNER, PURSUANT TO 18 U.S.C. SECTION 1350 - LEGGETT & PLATT INCdex321.htm

Exhibit 12

LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions of dollars)

 

     Three Months
Ended		      Twelve Months Ended
December 31,		  
     3/31/11      3/31/10      2010      2009      2008      2007      2006  

Earnings

                     

Income from continuing operations before income taxes*

    $ 66.2       $ 69.0       $ 255.5       $ 198.4       $ 192.6       $ 147.3       $ 339.1   

Interest expense (excluding amount capitalized)

      9.5         9.3         37.7         37.4         49.5         60.9         56.2   

Portion of rental expense under operating leases representative of an interest factor**

      4.2         4.6         15.4         16.9         21.5         24.3         24.9   
                                                              

Total earnings***

    $ 79.9       $ 82.9       $ 308.6       $ 252.7       $ 263.6       $ 232.5       $ 420.2   
                                                              

Fixed charges

                     

Interest expense (including amount capitalized)

    $ 9.6       $ 9.5       $ 38.1       $ 38.3       $ 50.5       $ 61.9       $ 57.8   

Portion of rental expense under operating leases representative of an interest factor**

      4.2         4.6         15.4         16.9         21.5         24.3         24.9   
                                                              

Total fixed charges

    $ 13.8       $ 14.1       $ 53.5       $ 55.2       $ 72.0       $ 86.2       $ 82.7   
                                                              

Ratio of earnings to fixed charges

      5.8         5.9         5.8         4.6         3.7         2.7         5.1   
                                                              

 

* 2006 through 2008 amounts have been retrospectively adjusted to include noncontrolling interest.
** Estimated portion of rent expense representing interest.
*** Earnings consist principally of income from continuing operations before income taxes, plus fixed charges less capitalized interest. Fixed charges consist principally of interest costs.

LEGGETT & PLATT INC Reports