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, --------------------------------- --------------- 1996 1997 1998 1999 2000 2000 2001 ---- ---- ---- ---- ---- ---- ---- 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 ----- ------ ----- ------ ------ ----- ------ Earnings available for fixed charges $309.7 $562.7 $402.7 $674.2 $750.7 $157.0 $160.7 ====== ====== ====== ====== ====== ====== ====== 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 ----- ------ ----- ------ ------ ----- ------ Fixed charges $229.4 $221.0 $219.4 $229.3 $250.1 $60.5 $59.7 ====== ====== ====== ====== ====== ===== ===== Ratio of earnings to fixed charges (a) 1.3 2.5 1.8 2.9 3.0 2.6 2.7a) 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.