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Previous: BESTFOODS, 10-Q, EX-11, 2000-08-03 |
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<PAGE> 1
EXHIBIT 12
BESTFOODS AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
($ Millions) FOR THE SIX
MONTHS ENDED FOR THE YEARS ENDED DECEMBER 31,
JUNE 30, 2000 1999 1998 1997 1996 1995
------------- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
INCOME FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES: $523.1 $1,147.1 $1,021.1 $704.2 $ 880.2 $654.9
------ -------- -------- ------ -------- ------
Add (subtract):
Portion of rents representative
of interest 17.5 35.0 33.3 32.2 33.4 25.6
Interest on bonds, mortgages
& similar debt 61.8 131.6 125.5 100.9 68.4 52.6
Other interest 50.0 66.2 60.7 72.8 100.0 55.7
Interest expense included in
cost of plant construction (1.6) (6.9) (3.5) (3.4) (4.8) (3.7)
====== ======== ======== ====== ======== ======
Income as adjusted $650.8 $1,373.0 $1,237.1 $906.7 $1,077.2 $785.1
====== ======== ======== ====== ======== ======
FIXED CHARGES:
Portion of rents representative
of interest $ 17.5 $ 35.0 $ 33.3 $ 32.2 $ 33.4 $ 25.6
Interest on bonds, mortgages
& similar debt 61.8 131.6 125.5 100.9 68.4 52.6
Other interest 50.0 66.2 60.7 72.8 100.0 55.7
====== ======== ======== ====== ======== ======
$129.3 $ 232.8 $ 219.5 $205.9 $ 201.8 $133.9
====== ======== ======== ====== ======== ======
RATIO OF EARNINGS TO FIXED CHARGES 5.0 5.9 5.6 4.4 5.3 5.9
====== ======== ======== ====== ======== ======
</TABLE>
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