Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - OWENS-ILLINOIS GROUP INC | Financial_Report.xls |
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | a14-18692_1ex32d2.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | a14-18692_1ex31d2.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | a14-18692_1ex31d1.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | a14-18692_1ex32d1.htm |
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | a14-18692_110q.htm |
EXHIBIT 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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|
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Nine months ended September 30, |
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|
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2014 |
|
2013 |
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|
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|
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Earnings from continuing operations before income taxes |
|
$ |
404 |
|
$ |
472 |
|
|
Less: Equity earnings |
|
(48 |
) |
(49 |
) | ||
|
Add: Total fixed charges deducted from earnings |
|
165 |
|
187 |
| ||
|
Dividends received from equity investees |
|
44 |
|
52 |
| ||
|
|
|
|
|
|
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|
Earnings available for payment of fixed charges |
|
$ |
565 |
|
$ |
662 |
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|
|
|
|
|
|
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Fixed charges |
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|
|
|
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|
|
|
|
|
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Interest expense |
|
$ |
164 |
|
$ |
184 |
|
|
Portion of operating lease rental deemed to be interest |
|
1 |
|
3 |
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|
|
|
|
|
|
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Total fixed charges deducted from earnings and fixed charges |
|
$ |
165 |
|
$ |
187 |
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|
|
|
|
|
|
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Ratio of earnings to fixed charges |
|
3.4 |
|
3.5 |
| ||