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10-Q - 10-Q - ASHLAND LLCa6302014ash10q.htm
EX-10.1 - FOURTH AMENDMENT TO TRANSFER AND ADMINISTRATION AGREEMENT - ASHLAND LLCa6302014exhibit101.htm
EX-10.2 - FIRST AMENDMENT TO SALE AGREEMENT - ASHLAND LLCa6302014exhibit102.htm
EX-31.1 - CERTIFICATION OF JAMES J. O'BRIEN - ASHLAND LLCa6302014exhibit311.htm
EX-31.2 - CERTIFICATION OF J. KEVIN WILLIS - ASHLAND LLCa6302014exhibit312.htm
EX-32 - CERTIFICATION OF JAMES J. O'BRIEN AND J. KEVIN WILLIS - ASHLAND LLCa6302014exhibit32.htm
10-Q - PDF VERSION - ASHLAND LLCjune201410qfinal.pdf
EXCEL - IDEA: XBRL DOCUMENT - ASHLAND LLCFinancial_Report.xls


 
 
 
 
 
 
 
 
  EXHIBIT 12
 
ASHLAND INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended
 
 
 
June 30
 
 
 
 
 
 
 
 
2014
 
2013
EARNINGS
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
$
98

 
$
218

Income tax expense
 
 
 
 
 
 
 
3

 
55

Interest expense
 
 
 
 
 
 
 
112

 
169

Interest portion of rental expense
 
 
 
 
 
 
 
20

 
21

Amortization of deferred debt expense
 
 
 
 
 
 
 
11

 
62

Distributions less than earnings of unconsolidated affiliates
 
 
 
 
 
 
 
(15
)
 
(13
)
 
 

 

 

 
$
229

 
$
512

 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES
 
 
 
 
 
 
 
 

 
 

Interest expense
 

 

 

 
$
112

 
$
169

Interest portion of rental expense
 

 

 

 
20

 
21

Amortization of deferred debt expense
 

 

 

 
11

 
62

Capitalized interest
 
 
 
 
 
 
 
1

 
1

 
 

 

 

 
$
144

 
$
253

 
 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
 

 

 

 
1.59

 
2.02