Attached files
Exhibit 12
Alcoa and subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
Six months ended June 30, |
2010 | |||
Earnings: |
||||
Income from continuing operations before income taxes |
$ | 140 | ||
Noncontrolling interests share of earnings of majority-owned subsidiaries without fixed charges |
| |||
Equity income |
(37 | ) | ||
Fixed charges added to earnings |
255 | |||
Distributed income of less than 50 percent-owned persons |
18 | |||
Amortization of capitalized interest: |
||||
Consolidated |
20 | |||
Proportionate share of 50 percent-owned persons |
| |||
Total earnings |
$ | 396 | ||
Fixed Charges: |
||||
Interest expense: |
||||
Consolidated |
$ | 237 | ||
Proportionate share of 50 percent-owned persons |
| |||
$ | 237 | |||
Amount representative of the interest factor in rents: |
||||
Consolidated |
$ | 18 | ||
Proportionate share of 50 percent-owned persons |
| |||
$ | 18 | |||
Fixed charges added to earnings |
$ | 255 | ||
Interest capitalized: |
||||
Consolidated |
$ | 45 | ||
Proportionate share of 50 percent-owned persons |
| |||
$ | 45 | |||
Preferred stock dividend requirements of majority-owned subsidiaries |
| |||
Total fixed charges |
$ | 300 | ||
Ratio of earnings to fixed charges |
1.3 | |||