Attached files
| file | filename |
|---|---|
| EX-31.1 - SECTION 302 CERTIFICATION STATEMENT OF CEO - OLIN Corp | cert3111stqtr2011.htm |
| EXCEL - IDEA: XBRL DOCUMENT - OLIN Corp | Financial_Report.xls |
| EX-32 - SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO - OLIN Corp | cert321stqtr2011.htm |
| EX-31.2 - SECTION 302 CERTIFICATION STATEMENT OF CFO - OLIN Corp | cert3121stqtr2011.htm |
| 10-Q - FORM 10-Q - OLIN Corp | finalq110q2011.htm |
Exhibit 12
OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
|
Three Months Ended
March 31,
|
||||||||
|
2011
|
2010
|
|||||||
|
Earnings:
|
($ in millions)
|
|||||||
|
Income before taxes
|
$
|
219.8
|
$
|
15.2
|
||||
|
Add (deduct):
|
||||||||
|
Equity in income of non-consolidated affiliates
|
(7.0
|
)
|
(2.2
|
)
|
||||
|
Dividends received from non-consolidated affiliates
|
0.2
|
1.0
|
||||||
|
Capitalized interest
|
(0.2
|
)
|
(0.1
|
)
|
||||
|
Fixed charges as described below
|
11.7
|
11.0
|
||||||
|
Total
|
$
|
224.5
|
$
|
24.9
|
||||
|
Fixed charges:
|
||||||||
|
Interest expensed and capitalized
|
$
|
7.4
|
$
|
7.0
|
||||
|
Estimated interest factor in rent expense(1)
|
4.3
|
4.0
|
||||||
|
Total
|
$
|
11.7
|
$
|
11.0
|
||||
|
Ratio of earnings to fixed charges
|
19.2
|
2.3
|
||||||
(1) Amounts represent those portions of rent expense that are reasonable approximations of interest costs.