Attached files
file | filename |
---|---|
10-K - FORM 10-K - TENNECO INC | c62250e10vk.htm |
EX-21 - EX-21 - TENNECO INC | c62250exv21.htm |
EX-23.1 - EX-23.1 - TENNECO INC | c62250exv23w1.htm |
EX-23.2 - EX-23.2 - TENNECO INC | c62250exv23w2.htm |
EX-24 - EX-24 - TENNECO INC | c62250exv24.htm |
EX-32.1 - EX-32.1 - TENNECO INC | c62250exv32w1.htm |
EX-31.2 - EX-31.2 - TENNECO INC | c62250exv31w2.htm |
EX-31.1 - EX-31.1 - TENNECO INC | c62250exv31w1.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. |
153