Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | a09-30944_110q.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | a09-30944_1ex32d1.htm |
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | a09-30944_1ex32d2.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | a09-30944_1ex31d1.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | a09-30944_1ex31d2.htm |
Exhibit 12
OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Dollars in millions)
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Nine months ended September 30, |
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2009 |
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2008 |
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Earnings from continuing operations before income taxes |
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$ |
494.8 |
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$ |
714.5 |
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Less: |
Equity earnings |
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(39.6 |
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(36.7 |
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Add: |
Total fixed charges deducted from earnings |
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170.1 |
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205.5 |
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Proportional share of pre-tax earnings of 50% owned associates |
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11.8 |
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10.5 |
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Dividends received from equity investees |
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24.1 |
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21.2 |
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Earnings available for payment of fixed charges |
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$ |
661.2 |
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$ |
915.0 |
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Fixed charges (including the Company’s proportional share of 50% owned associates): |
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Interest expense |
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$ |
158.4 |
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$ |
193.8 |
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Portion of operating lease rental deemed to be interest |
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4.4 |
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5.7 |
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Amortization of deferred financing costs and debt discount expense |
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7.3 |
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6.0 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
170.1 |
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$ |
205.5 |
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Ratio of earnings to fixed charges |
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3.9 |
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4.5 |
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