EX-12 4 d933799dex12.htm EX-12 EX-12

Exhibit 12

FORTUNE BRANDS HOME & SECURITY, INC. AND SUBSIDIARIES

COMPUTATIONS OF RATIO OF

EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)

 

     Three Months Ended
March 31,		      Fiscal Year Ended December 31,  
     2015      2014      2013      2012      2011*  

Earnings available for fixed charges:

               

Income from continuing operations before taxes

    $ 62.2       $ 391.9       $ 310.5       $ 135.2       $ 26.2   

Add fixed charges included in earnings:

               

Interest expense

    $ 3.4         10.5         7.0         8.5         26.3   

Interest element of rentals**

      3.2         13.0         12.3         12.0         11.7   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

   6.6      23.5      19.3      20.5      38.0   

Total earnings available for fixed charges

 $ 68.6      415.4      329.8      155.7      64.2   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Fixed charges:

Fixed charges included in earnings

 $ 6.6      23.5      19.3      20.5      38.0   

Capitalized interest

   —        —        0.2      0.2      0.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

 $ 6.6      23.5      19.5      20.7      38.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

   10.4      17.7      16.9      7.5      1.7   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

* Ratio of earnings to fixed charges shown for period since the completion of the spin-off of Fortune Brands Home & Security, Inc. from Fortune Brands, Inc.

 

** The interest portion of rental expense is estimated to be equal to one-third (1/3) of such expense, which is considered to be a reasonable approximation of the interest factor.