EX-12.1 3 lea-20141231xexx121.htm EXHIBIT 12.1

|  |  |  |  |  |  |  |  | Exhibit 12.1 |
Computation of Ratios of Earnings to Fixed Charges
(In millions, except ration of earnings to fixed charges)
| Year Ended |  | Year Ended |  | Year Ended |  | Year Ended |  | Year Ended
| December 31, |  | December 31, |  | December 31, |  | December 31, |  | December 31,
| 2014 |  | 2013 |  | 2012 |  | 2011 |  | 2010
Consolidated income before provision (benefit) for |  |  |  |  |  |  |  |  |
income taxes and equity in net income of affiliates | $ | 787.4 |  |  | $ | 610.1 |  |  | $ | 648.9 |  |  | $ | 615.7 |  |  | $ | 448.8 |
Fixed charges | 110.2 |  |  | 107.5 |  |  | 86.2 |  |  | 72.8 |  |  | 82.1 |
Distributed income of affiliates | 25.0 |  |  | 17.6 |  |  | 14.0 |  |  | 43.6 |  |  | 7.4 |
Earnings | $ | 922.6 |  |  | $ | 735.2 |  |  | $ | 749.1 |  |  | $ | 732.1 |  |  | $ | 538.3 |
Interest expense | $ | 67.5 |  |  | $ | 68.4 |  |  | $ | 49.9 |  |  | $ | 39.7 |  |  | $ | 55.4 |
Portion of lease expense representative of interest | 42.7 |  |  | 39.1 |  |  | 36.3 |  |  | 33.1 |  |  | 26.7 |
Fixed charges | $ | 110.2 |  |  | $ | 107.5 |  |  | $ | 86.2 |  |  | $ | 72.8 |  |  | $ | 82.1 |
Ratio of Earnings to Fixed Charges | 8.4 |  |  | 6.8 |  |  | 8.7 |  |  | 10.1 |  |  | 6.6 |