| Three Months Ended | ||||||||||||||||||||||||||||
| Year Ended December 31, | March 31, | |||||||||||||||||||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | 2008 | 2009 | ||||||||||||||||||||||
| (dollars in millions) | ||||||||||||||||||||||||||||
Income before income tax provision
(benefit) and cumulative effect of
change in accounting principle |
27.1 | 316.0 | 880.7 | 1,154.1 | 867.7 | 221.6 | 0.3 | |||||||||||||||||||||
(Income) loss recognized on less than
fifty percent owned persons |
(2.2 | ) | (12.7 | ) | (16.4 | ) | (11.8 | ) | (4.6 | ) | 1.3 | 16.7 | ||||||||||||||||
Minority interest in the income of
subsidiary with fixed charges |
(4.8 | ) | (4.9 | ) | (8.1 | ) | (6.8 | ) | (7.6 | ) | (1.7 | ) | 0.6 | |||||||||||||||
| 20.1 | 298.4 | 856.2 | 1,135.5 | 855.5 | 221.2 | 17.6 | ||||||||||||||||||||||
Fixed Charges: |
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Interest expense |
38.0 | 46.3 | 37.7 | 30.0 | 12.4 | 3.8 | 0.3 | |||||||||||||||||||||
Portion of rents deemed to be interest |
6.0 | 7.0 | 6.8 | 6.4 | 7.0 | 1.6 | 1.8 | |||||||||||||||||||||
Capitalized interest |
0.9 | 0.2 | 4.5 | 9.8 | 25.0 | 5.7 | 9.0 | |||||||||||||||||||||
Amortization of debt expense |
0.6 | 0.6 | 0.7 | 0.8 | 0.8 | 0.2 | 0.2 | |||||||||||||||||||||
Fixed Charges excluding capitalized
interest |
45.5 | 54.1 | 49.7 | 47.0 | 45.2 | 11.3 | 11.3 | |||||||||||||||||||||
Earnings adjustments: |
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Capitalized interest |
(0.9 | ) | (0.2 | ) | (4.5 | ) | (9.8 | ) | (25.0 | ) | (5.7 | ) | (9.0 | ) | ||||||||||||||
Earnings, as adjusted |
64.7 | 352.3 | 901.4 | 1,127.1 | 875.7 | 226.8 | 19.9 | |||||||||||||||||||||
Ratio of earnings to fixed charges |
1.4 | x | 6.5 | x | 18.1 | x | 25.0 | x | 19.4 | x | 20.1 | x | 1.8 | x | ||||||||||||||