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EXCEL - IDEA: XBRL DOCUMENT - CYTEC INDUSTRIES INC/DE/Financial_Report.xls
EX-32.2 - SECTION 906 CFO CERTIFICATION - CYTEC INDUSTRIES INC/DE/cyt-9302014xex322.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - CYTEC INDUSTRIES INC/DE/cyt-9302014xex311.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - CYTEC INDUSTRIES INC/DE/cyt-9302014xex321.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - CYTEC INDUSTRIES INC/DE/cyt-9302014xex312.htm
10-Q - 10-Q - CYTEC INDUSTRIES INC/DE/cyt-9302014x10q.htm


 
 
 
 
 
 
 
Exhibit 12
 
 
 
 
 
 
 
 
 
 
 
Cytec Industries Inc.
 
 
Computation of Ratio of Earnings to Fixed Charges
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2014
 
2013
 
2014
 
2013
Earnings from continuing operations before income taxes,
 
 
 
 
 
 
 
 
equity in earnings of associated companies, minority interest
 
 
 
 
 
 
 
 
and cumulative effect of accounting change
$
78.2

 
$
60.5

 
$
242.3

 
$
156.5

Add:
 
 
 
 
 
 
 
 
 
Amortization of capitalized interest
0.1

 
0.7

 
0.9

 
2.3

 
Fixed charges
10.0

 
10.7

 
31.2

 
34.1

Less:
 
 
 
 
 
 
 
 
 
Capitalized interest
(6.1
)
 
(6.1
)
 
(19.4
)
 
(15.2
)
Earnings as adjusted
$
82.2

 
$
65.8

 
$
255.0

 
$
177.7

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
Interest on indebtedness including amortized premiums,
 
 
 
 
 
 
 
 
 
discounts and deferred financing costs
$
9.3

 
$
9.8

 
$
29.1

 
$
31.4

 
Portion of rents representative of the interest factor
0.7

 
0.9

 
2.1

 
2.7

Fixed charges
$
10.0

 
$
10.7

 
$
31.2

 
$
34.1

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
8.2

 
6.1

 
8.2

 
5.2