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<PAGE> 1
EXHIBIT 12.1
ALLERGAN, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
<TABLE>
<CAPTION>
FISCAL YEAR ENDED
--------------------------------------------------- NINE MONTHS ENDED
DECEMBER 31, -------------------
SEPT 24, SEPT 29,
1995 1996 1997 1998 1999 1999 2000
-------- ------- ------- ------- ------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
NET EARNINGS
Net earnings (loss) from continuing operations $72.5 $77.1 $128.3 $(90.2) $188.2 $128.9 $150.0
Share of distributed expense (income) of less-
than 50% owned affiliates 1.0 (0.4) (0.2) (0.3) 0.1 0.0 0.3
Income tax provision 51.7 31.3 29.0 32.8 80.7 55.3 61.4
----- ----- ------ ------ ------ ------ ------
Subtotal 125.2 108.0 157.1 (57.7) 269.0 184.2 211.7
FIXED CHARGES
Interest charges 13.9 12.5 8.9 16.4 15.1 10.1 14.9
Interest portion of operating rents 4.0 5.5 6.8 7.9 6.5 4.9(a) 6.0(a)
----- ----- ------ ------ ------ ------ ------
Total fixed charges 17.9 18.0 15.7 24.3 21.6 15.0 20.9
----- ----- ------ ------ ------ ------ ------
Earnings, as adjusted $143.1 $126.0 $172.8 $(33.4) $290.6 $199.2 $232.6
===== ===== ====== ====== ====== ====== ======
Ratio of earnings to fixed charges 8.0 7.0 11.0 N/A(b) 13.5 13.3 11.1
===== ===== ====== ====== ====== ====== ======
</TABLE>
(a) Amount estimated based on full year 1999 actual expense or full year 2000
expected minimum lease payments, as appropriate.
(b) In 1998, earnings were not sufficient to cover fixed charges by $33.4
million.
Disclosure Page 1
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