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Previous: BLACK & DECKER CORP, 10-Q, EX-10, 2000-11-03 |
Next: BLACK & DECKER CORP, 10-Q, EX-27, 2000-11-03 |
EXHIBIT 12
<TABLE>
<CAPTION>
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars Except Ratios)
Three Months Ended Nine Months Ended
October 1, 2000 October 1, 2000
------------------ -----------------
EARNINGS:
<S> <C> <C>
Earnings before income taxes $ 123.3 $ 329.3
Interest expense 37.2 108.3
Portion of rent expense representative of an interest factor 6.9 20.7
-------- --------
Adjusted earnings before taxes and fixed charges $ 167.4 $ 458.3
======== ========
FIXED CHARGES:
Interest expense $ 37.2 $ 108.3
Portion of rent expense representative of an interest factor 6.9 20.7
-------- --------
Total fixed charges $ 44.1 $ 129.0
======== ========
RATIO OF EARNINGS TO FIXED CHARGES 3.80 3.55
======== ========
</TABLE>
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