EX-12 2 tkr63017exhibit12.htm EXHIBIT 12
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)

| Six Months Ended June 30,
| 2017 | 2016
Income before income taxes | $ | 127.5 |  | $ | 164.6 |
Share of undistributed income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | (0.4 | ) | (0.4 | )
Amortization of capitalized interest | 0.3 |  | 0.3 |
Interest expense | 16.4 |  | 17.1 |
Interest portion of rental expense | 1.8 |  | 2.4 |
Earnings | $ | 145.6 |  | $ | 184.0 |
Interest | 16.7 |  | 17.5 |
Interest portion of rental expense | 1.8 |  | 2.4 |
Fixed Charges | $ | 18.5 |  | $ | 19.9 |
Ratio of Earnings to Fixed Charges | 7.87 |  | 9.25 |