Attached files
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Nine months ended | Year Ended December 31 | |||||||||||||||||
| September 30, 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||
| Earnings: |
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| Earnings before income taxes and net earnings in equity affiliates |
$ | 421 | $ | 904 | $ | 1,282 | $ | 1,018 | $ | 967 | $ | 1,041 | ||||||
| Plus: |
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| Fixed charges exclusive of capitalized interest |
202 | 343 | 156 | 137 | 129 | 132 | ||||||||||||
| Amortization of capitalized interest |
5 | 7 | 7 | 8 | 9 | 10 | ||||||||||||
| Adjustments for equity affiliates |
— | 18 | 21 | 16 | 20 | 6 | ||||||||||||
| Total |
$ | 628 | $ | 1,272 | $ | 1,466 | $ | 1,179 | $ | 1,125 | $ | 1,189 | ||||||
| Fixed Charges: |
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| Interest expense including amortization of debt discount/premium and debt expense |
$ | 144 | $ | 254 | $ | 93 | $ | 83 | $ | 81 | $ | 90 | ||||||
| Rentals - portion representative of interest |
58 | 89 | 63 | 54 | 48 | 42 | ||||||||||||
| Fixed charges exclusive of capitalized interest |
202 | 343 | 156 | 137 | 129 | 132 | ||||||||||||
| Capitalized interest |
7 | 8 | 11 | 7 | 5 | 3 | ||||||||||||
| Total |
$ | 209 | $ | 351 | $ | 167 | $ | 144 | $ | 134 | $ | 135 | ||||||
| Ratio of earnings to fixed charges |
3.0 | 3.6 | 8.8 | 8.2 | 8.4 | 8.8 | ||||||||||||