Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - OLIN Corp | final10q3q2009.htm |
| EX-32 - SECTION 906 CERTIFICATION OF CEO AND CFO - OLIN Corp | cert323rdqtr2009.htm |
| EX-31.2 - SECTION 302 CERTIFICATION OF CFO - OLIN Corp | cert3123rdqtr2009.htm |
| EX-31.1 - SECTION 302 CERTIFICATION OF CEO - OLIN Corp | cert3113rdqtr2009.htm |
| EX-10.1 - PERFORMANCE SHARE PROGRAM - OLIN Corp | perfshareprog3rdqtr10q2009.htm |
Exhibit
12
OLIN
CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation
of Ratio of Earnings to Fixed Charges
(Unaudited)
|
Nine
Months Ended
September
30,
|
|||||||
|
2009
|
2008
|
||||||
|
Earnings:
|
($
in millions)
|
||||||
|
Income
before taxes
|
$
|
175.1
|
$
|
184.0
|
|||
|
Add
(deduct):
|
|||||||
|
Equity
in income of non-consolidated affiliates
|
(32.9
|
)
|
(31.1
|
)
|
|||
|
Dividends
received from non-consolidated affiliates
|
3.1
|
—
|
|||||
|
Capitalized
interest
|
(9.1
|
)
|
(2.2
|
)
|
|||
|
Fixed
charges as described below
|
25.8
|
24.8
|
|||||
|
Total
|
$
|
162.0
|
$
|
175.5
|
|||
|
Fixed
Charges:
|
|||||||
|
Interest
expensed and capitalized
|
$
|
14.3
|
$
|
13.7
|
|||
|
Estimated
interest factor in rent expense(1)
|
11.5
|
11.1
|
|||||
|
Total
|
$
|
25.8
|
$
|
24.8
|
|||
|
Ratio
of earnings to fixed charges
|
6.3
|
7.1
|
|||||
(1) Amounts
represent those portions of rent expense that are reasonable approximations of
interest costs.