<TABLE>
Exhibit 12

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

<CAPTION>
(Dollars in millions)                               1998         1997          1996          1995           1994
------------------------------------------     ---------    ---------    ----------    ----------     ----------

<S>                                        <C>            <C>          <C>           <C>           <C>          
Profit before tax                          $       112.7  $      97.9  $       64.1  $    29.4     $        38.8
Income (loss) of 50% owned
  subsidiaries                                       3.6          2.9           1.3          (.8)             .3
Dividends received from less
  than 50% owned subsidiaries                        2.3          1.2           2.7         2.6              1.6

Interest expense                                    38.4         42.6          45.4       44.9              44.9
25% of rent expense                                  4.6          4.1           3.9         3.9              3.2
                                                ---------    ---------    ----------    ----------     ----------
  Total fixed charges                               43.0         46.7          49.3       48.8              48.1
Pre-tax earnings required to
  cover preferred dividends                            -            -             -            -               -
                                                =========    =========    ==========    ==========     ==========
Total fixed charges and                                                                  
  preferred dividends                               43.0         46.7          49.3       48.8              48.1
                                                =========    =========    ==========    ==========     ==========

Earnings before income taxes
  and fixed charges                        $       161.6  $     148.7  $      117.4  $    80.0     $        88.8
                                                =========    =========    ==========    ==========     ==========

Ratio of earnings to fixed
  charges                                            3.7          3.2           2.4        1.6               1.8

Ratio of earnings to fixed
  charges and preferred
  dividends                                          3.7          3.2           2.4        1.6               1.8



<FN>
Note 1:      For  purposes  of  calculating  the ratio of  earnings  to fixed
             charges,  "earnings" consist of earnings from continuing operations
             before  income  taxes,  adjusted  for the portion of fixed  charges
             deducted from such earnings. "Fixed charges" consist of interest on
             all  indebtedness  (including  capital lease  obligations,  capital
             securities and capitalized interest),  amortization of debt expense
             and the  percentage  of rental  expense on operating  leases deemed
             representative of the interest factor.
Note 2:      The ratios of earnings to fixed charges, before the
             restructuring and special charges for 1995 and 1994 were 1.9 and
             2.4, respectively.
</FN>

                                       76


</TABLE>