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Previous: BLACK & DECKER CORP, 10-Q, EX-3.(II), 2000-08-16 |
Next: BLACK & DECKER CORP, 10-Q, EX-27, 2000-08-16 |
EXHIBIT 12
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars Except Ratios)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
July 2, 2000 July 2, 2000
------------------ ----------------
EARNINGS:
<S> <C> <C>
Earnings before income taxes $ 118.6 $ 206.0
Interest expense 36.0 71.1
Portion of rent expense representative of an interest factor 6.9 13.8
-------- --------
Adjusted earnings before taxes and fixed charges $ 161.5 $ 290.9
======== ========
FIXED CHARGES:
Interest expense
$ 36.0 $ 71.1
Portion of rent expense representative of an interest factor 6.9 13.8
-------- --------
Total fixed charges $ 42.9 $ 84.9
======== ========
RATIO OF EARNINGS TO FIXED CHARGES 3.76 3.43
======== ========
</TABLE>
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