MERITOR, INC. - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 4, 2011

Attached files

file filename
EX-10 - LETTER AGREEMENT DATED MAY 13, 2011 BETWEEN MERITOR, INC. AND L. CUMMINS - MERITOR, INC.exhibit10.htm
EX-23 - CONSENT OF BATES WHITE LLC - MERITOR, INC.exhibit-23.htm
EX-10.A - AMENDMENT DATED AS OF JUNE 28, 2011 TO RECEIVABLES PURCHASE AGREEMENT - MERITOR, INC.exhibit10-a.htm
EX-10.B - RECEIVABLES PURCHASE AGREEMENT DATED AS OF JUNE 28, 2011 - MERITOR, INC.exhibit10-b.htm
EX-31.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - MERITOR, INC.exhibit31-a.htm
EX-31.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - MERITOR, INC.exhibit31-b.htm
EX-99.A - THIRD AMENDMENT DATED AS OF MAY 9, 2011 TO CREDIT AGREEMENT - MERITOR, INC.exhibit99-a.htm
EX-32.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(B) - MERITOR, INC.exhibit32-a.htm
EX-32.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(B) - MERITOR, INC.exhibit32-b.htm
10-Q - QUARTERLY REPORT - MERITOR, INC.meritor_10q.htm

Exhibit 12
 
Meritor, Inc.
Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended June 30, 2011
 
Earnings Available for Fixed Charges (A):      
       
Pre-tax income from continuing operations $ 98  
       
Less:      
Equity in earnings of affiliates, net of dividends   (21 )
    77  
       
Add: fixed charges included in earnings:      
Interest expense   74  
Interest element of rentals   4  
Total   78  
       
Total earnings available for fixed charges: $ 155  
       
Fixed Charges (B):      
Fixed charges included in earnings $ 78  
Capitalized interest   —  
Total fixed charges $        78  
       
Ratio of Earnings to Fixed Charges   1.99  

(A) “Earnings” are defined as pre-tax income from continuing operations, adjusted for undistributed earnings of less than majority owned subsidiaries and fixed charges excluding capitalized interest.
 
(B) “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.
 

MERITOR, INC. Reports

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