Attached files

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10-K - FORM 10-K - TENNECO INCc62250e10vk.htm
EX-21 - EX-21 - TENNECO INCc62250exv21.htm
EX-23.1 - EX-23.1 - TENNECO INCc62250exv23w1.htm
EX-23.2 - EX-23.2 - TENNECO INCc62250exv23w2.htm
EX-24 - EX-24 - TENNECO INCc62250exv24.htm
EX-32.1 - EX-32.1 - TENNECO INCc62250exv32w1.htm
EX-31.2 - EX-31.2 - TENNECO INCc62250exv31w2.htm
EX-31.1 - EX-31.1 - TENNECO INCc62250exv31w1.htm
EXHIBIT 12
 
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
 
COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Years Ended December 31,  
    2010     2009     2008     2007     2006  
    (Dollars in Millions)  
 
Net Income (loss) attributable to Tenneco Inc. 
  $ 39     $ (73 )   $ (415 )   $ (5 )   $ 49  
Add:
                                       
Interest expense
    149       133       113       164       136  
Portion of rentals representative of the interest factor
    15       14       15       12       12  
Income tax expense and other taxes on income
    69       13       289       83       5  
Noncontrolling interests
    24       19       10       10       6  
Amortization of interest capitalized
    4       4       3       3       3  
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
          2       (2 )     (1 )     (3 )
                                         
Earnings as defined
  $ 300     $ 112     $ 13     $ 266     $ 208  
                                         
Interest expense
  $ 149     $ 133     $ 113     $ 164     $ 136  
Interest capitalized
    4       4       6       6       6  
Portion of rentals representative of the interest factor
    15       14       15       12       12  
                                         
Fixed charges as defined
  $ 168     $ 151     $ 134     $ 182     $ 154  
                                         
Ratio of earnings to fixed charges
    1.79                   1.46       1.35  
                                         
 
 
NOTE:  Earnings were inadequate to cover fixed charges by $39 million for the year ended December 31, 2009 and by $121 million for the year ended December 31, 2008.


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