Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PPG INDUSTRIES INC | ppg930201410q.htm |
| EX-31.2 - CFO CERTIFICATION - PPG INDUSTRIES INC | ppg930201410qex312.htm |
| EX-31.1 - CEO CERTIFICATION - PPG INDUSTRIES INC | ppg930201410qex311.htm |
| EX-3.2 - RESTATED ARTICLES OF INCORPORATION - PPG INDUSTRIES INC | restatedarticlesofincorpor.htm |
| EX-32.2 - CFO 906 CERTIFICATION - PPG INDUSTRIES INC | ppg930201410qex322.htm |
| EX-3.1 - STATEMENT WITH RESPECT TO SHARES - PPG INDUSTRIES INC | statementwithrespecttoshar.htm |
| EXCEL - IDEA: XBRL DOCUMENT - PPG INDUSTRIES INC | Financial_Report.xls |
| EX-32.1 - CEO 906 CERTIFICATION - PPG INDUSTRIES INC | ppg930201410qex321.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Nine Months Ended September 30 | Year Ended December 31 | ||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 1,293 | $ | 1,229 | $ | 814 | $ | 936 | $ | 778 | $ | 244 | |||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges exclusive of capitalized interest | 215 | 284 | 281 | 280 | 263 | 269 | |||||||||||||||||
Amortization of capitalized interest | 5 | 6 | 6 | 6 | 6 | 6 | |||||||||||||||||
Adjustments for equity affiliates | 5 | 9 | 12 | 19 | 6 | 11 | |||||||||||||||||
Total | $ | 1,518 | $ | 1,528 | $ | 1,113 | $ | 1,241 | $ | 1,053 | $ | 530 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense incl amortization of debt discount/premium and debt expense | $ | 142 | $ | 197 | $ | 210 | $ | 210 | $ | 189 | $ | 192 | |||||||||||
Rentals - portion representative of interest | 73 | 87 | 71 | 70 | 74 | 77 | |||||||||||||||||
Fixed charges exclusive of capitalized interest | 215 | 284 | 281 | 280 | 263 | 269 | |||||||||||||||||
Capitalized interest | 12 | 10 | 8 | 9 | 7 | 9 | |||||||||||||||||
Total | $ | 227 | $ | 294 | $ | 289 | $ | 289 | $ | 270 | $ | 278 | |||||||||||
Ratio of earnings to fixed charges | 6.7 | 5.2 | 3.9 | 4.3 | 3.9 | 1.9 | |||||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations