EX-12 2 tkr93017exhibit12.htm EXHIBIT 12
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)

| Nine Months Ended September 30,
| 2017 | 2016
Income before income taxes | $ | 202.7 |  | $ | 213.8 |
Share of undistributed income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | (0.7 | ) | (0.7 | )
Amortization of capitalized interest | 0.4 |  | 0.4 |
Interest expense | 26.5 |  | 25.1 |
Interest portion of rental expense | 2.7 |  | 3.6 |
Earnings | $ | 231.6 |  | $ | 242.2 |
Interest | 27.1 |  | 25.8 |
Interest portion of rental expense | 2.7 |  | 3.6 |
Fixed Charges | $ | 29.8 |  | $ | 29.4 |
Ratio of Earnings to Fixed Charges | 7.77 |  | 8.24 |