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EX-15 - EX-15 - Howmet Aerospace Inc.d786672dex15.htm
EX-10.(C) - EX-10(C) - Howmet Aerospace Inc.d786672dex10c.htm
EX-32 - EX-32 - Howmet Aerospace Inc.d786672dex32.htm
EX-95 - EX-95 - Howmet Aerospace Inc.d786672dex95.htm
EX-31 - EX-31 - Howmet Aerospace Inc.d786672dex31.htm
EX-3.(A) - EX-3(A) - Howmet Aerospace Inc.d786672dex3a.htm
EX-10.(E) - EX-10(E) - Howmet Aerospace Inc.d786672dex10e.htm
EXCEL - IDEA: XBRL DOCUMENT - Howmet Aerospace Inc.Financial_Report.xls
10-Q - FORM 10-Q - Howmet Aerospace Inc.d786672d10q.htm
EX-10.(D) - EX-10(D) - Howmet Aerospace Inc.d786672dex10d.htm

Exhibit 12

Alcoa and subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratio)

 

Nine months ended September 30,

   2014  

Earnings:

  

Income before income taxes

   $ 263   

Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges

     —     

Equity loss

     22   

Fixed charges added to earnings

     380   

Distributed income of less than 50 percent-owned persons

     66   

Amortization of capitalized interest:

  

Consolidated

     36   

Proportionate share of 50 percent-owned persons

     —     
  

 

 

 

Total earnings

   $ 767   
  

 

 

 

Fixed Charges:

  

Interest expense:

  

Consolidated

   $ 351   

Proportionate share of 50 percent-owned persons

     —     
  

 

 

 
   $ 351   
  

 

 

 

Amount representative of the interest factor in rents:

  

Consolidated

   $ 29   

Proportionate share of 50 percent-owned persons

     —     
  

 

 

 
   $ 29   
  

 

 

 

Fixed charges added to earnings

   $ 380   
  

 

 

 

Interest capitalized:

  

Consolidated

   $ 41   

Proportionate share of 50 percent-owned persons

     —     
  

 

 

 
   $ 41   
  

 

 

 

Preferred stock dividend requirements of majority-owned subsidiaries

     —     
  

 

 

 

Total fixed charges

   $ 421   
  

 

 

 

Ratio of earnings to fixed charges

     1.8