Attached files
file | filename |
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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 | |||
|
|