EXHIBIT 12
AMERICAN STANDARD INC.
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Three Months
For the Years ended December 31, Ended March 31,
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1996 1997 1998 1999 2000 2000 2001
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Income from continuing
operations before income taxes $71.1 $347.0 $189.8 $451.5 $509.4 $99.7 $ 104.2
Equity in net (income) loss of
associated companies net of dividends
received 11.8 (2.9) (3.6) (5.1) (8.7) (3.2) (3.6)
Amortization of capitalized interest 1.3 1.4 1.6 1.8 1.9 .5 .5
Interest expense 198.2 192.2 188.4 192.1 198.7 48.3 46.8
Rental expense factor 27.3 25.0 26.5 33.9 49.4 11.7 12.8
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Earnings available for fixed charges $309.7 $562.7 $402.7 $674.2 $750.7 $157.0 $160.7
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Interest expense $198.2 $192.2 $188.4 $192.1 $198.7 $48.3 46.8
Capitalized interest 3.9 3.8 4.5 3.3 2.0 .5 .1
Rental expense factor 27.3 25.0 26.5 33.9 49.4 11.7 12.8
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Fixed charges $229.4 $221.0 $219.4 $229.3 $250.1 $60.5 $59.7
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Ratio of earnings to fixed charges (a) 1.3 2.5 1.8 2.9 3.0 2.6 2.7
a) For the purpose of computing the ratio of earnings to fixed charges, fixed
charges consist of interest on debt (including capitalized interest),
amortization of debt discount and expense, and a portion of rentals
determined to be representative of interest. Earnings consist of
consolidated net income before income taxes, plus fixed charges other than
capitalized interest but including the amortization thereof, adjusted by
the excess or deficiency of dividends over income of entities accounted for
by the equity method.