Attached files
| file | filename |
|---|---|
| EX-31.2 - SECTION 302 CERTIFICATION STATEMENT OF CFO - OLIN Corp | oln-ex312_2014930xq3.htm |
| EX-32 - SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO - OLIN Corp | oln-ex32_2014930xq3.htm |
| EX-31.1 - SECTION 302 CERTIFICATION STATEMENT OF CEO - OLIN Corp | oln-ex311_2014930xq3.htm |
| EXCEL - IDEA: XBRL DOCUMENT - OLIN Corp | Financial_Report.xls |
| 10-Q - FORM 10-Q - OLIN Corp | oln-2014930x10q.htm |
Exhibit 12
OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Nine Months Ended September 30, | ||||||||
2014 | 2013 | |||||||
Earnings: | ($ in millions) | |||||||
Income from continuing operations before taxes | $ | 143.3 | $ | 219.5 | ||||
Add (deduct): | ||||||||
Earnings of non-consolidated affiliates | (1.4 | ) | (2.4 | ) | ||||
Distributions from affiliated companies | — | 0.9 | ||||||
Amortization of capitalized interest | 1.6 | 1.5 | ||||||
Capitalized interest | (0.2 | ) | (1.0 | ) | ||||
Fixed charges as described below | 54.8 | 46.7 | ||||||
Total | $ | 198.1 | $ | 265.2 | ||||
Fixed charges: | ||||||||
Interest expensed and capitalized | $ | 37.2 | $ | 29.7 | ||||
Estimated interest factor in rent expense(1) | 17.6 | 17.0 | ||||||
Total | $ | 54.8 | $ | 46.7 | ||||
Ratio of earnings to fixed charges | 3.6 | 5.7 | ||||||
(1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |