Power dissipated: 1.2000 W - recommended rating: 3 W
The 50 % derating rule means you need a resistor rated at least 2.400 W; the nearest standard value is 3 W.
At 40.0 % of the rated wattage, this resistor will run cool and should last for decades under continuous use.
Circuit conditions: 12.000 V across 120.00 Ohm draws 0.1000 A (P = V x I = 1.2000 W).
Next stepTo reduce power dissipation, increase resistance or reduce the supply voltage. Use a heatsink for resistors above 1 W if the derating factor is tight.