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