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