EX-12 3 a10-kexhibit12.htm
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)

| For the Years Ended December 31,
| 2011 |  | 2010 |  | 2009 |  | 2008 |  | 2007
Earnings: |  |  |  |  |  |  |  |  |
Income before income taxes | $1,549.0 |  | $1,350.4 |  | $1,274.2 |  | $1,615.1 |  | $1,585.1
Add: Dividends from affiliates | 19.4 |  |  | 26.3 |  |  | 21.6 |  |  | 27.3 |  |  | 28.4 |
Fixed charges | 294.9 |  |  | 269.0 |  |  | 269.7 |  |  | 288.2 |  |  | 271.9 |
Total earnings | $1,863.3 |  | $1,645.7 |  | $1,565.5 |  | $1,930.6 |  | $1,885.4
Fixed charges: |  |  |  |  |  |  |  |  |
Interest expense (a) | $158.1 |  | $134.7 |  | $122.2 |  | $124.6 |  | $106.9
Rent expense interest factor (b) | 136.8 |  |  | 134.3 |  |  | 147.5 |  |  | 163.6 |  |  | 165.0 |
Total fixed charges | $294.9 |  | $269.0 |  | $269.7 |  | $288.2 |  | $271.9
Ratio of earnings to fixed charges | 6.32x |  |  | 6.12x |  |  | 5.80x |  |  | 6.70x |  |  | 6.93x |

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(a) | Interest expense includes interest on third-party indebtedness.

(b) | The rent expense interest factor reflects an appropriate portion (one-third) of rent expense representative of interest.