| For the Years Ended | ||||||||||||||||||||
| 12/31/2008 | 12/31/2007 | 12/31/2006 | 12/31/2005 | 12/31/2004 | ||||||||||||||||
Income before income tax provision (benefit) and cumulative
effect of change in accounting principle |
$ | 860.1 | $ | 1,147.3 | $ | 872.6 | $ | 311.1 | $ | 22.3 | ||||||||||
(Income) loss recognized on less than fifty percent owned persons |
(4.6 | ) | (11.8 | ) | (16.4 | ) | (12.7 | ) | (2.2 | ) | ||||||||||
Minority interest in the income of subsidiary with fixed charges |
— | — | — | — | — | |||||||||||||||
| $ | 855.5 | $ | 1,135.5 | $ | 856.2 | $ | 298.4 | $ | 20.1 | |||||||||||
Fixed Charges: |
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Interest expense |
$ | 12.4 | $ | 30.0 | $ | 37.7 | $ | 46.3 | $ | 38.0 | ||||||||||
Portion of rents deemed to be interest |
7.0 | 6.4 | 6.8 | 7.0 | 6.0 | |||||||||||||||
Capitalized interest |
25.0 | 9.8 | 4.5 | 0.2 | 0.9 | |||||||||||||||
Amortization of debt expense |
0.8 | 0.8 | 0.7 | 0.6 | 0.6 | |||||||||||||||
Fixed Charges excluding capitalized interest |
$ | 45.2 | $ | 47.0 | $ | 49.7 | $ | 54.1 | $ | 45.5 | ||||||||||
Earnings adjustments: |
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Capitalized interest |
$ | (25.0 | ) | $ | (9.8 | ) | $ | (4.5 | ) | $ | (0.2 | ) | $ | (0.9 | ) | |||||
Earnings, as adjusted |
$ | 875.7 | $ | 1,172.7 | $ | 901.4 | $ | 352.3 | $ | 64.7 | ||||||||||
Ratio of earnings to fixed charges |
19.4 | 25.0 | 18.1 | 6.5 | 1.4 | |||||||||||||||