Attached files
| file | filename |
|---|---|
| 10-K - 10-K - AUTOLIV INC | d820512d10k.htm |
| EX-13 - EX-13 - AUTOLIV INC | d820512dex13.htm |
| EX-23 - EX-23 - AUTOLIV INC | d820512dex23.htm |
| EX-21 - EX-21 - AUTOLIV INC | d820512dex21.htm |
| EX-32.2 - EX-32.2 - AUTOLIV INC | d820512dex322.htm |
| EX-32.1 - EX-32.1 - AUTOLIV INC | d820512dex321.htm |
| EX-31.2 - EX-31.2 - AUTOLIV INC | d820512dex312.htm |
| EX-10.36 - EX-10.36 - AUTOLIV INC | d820512dex1036.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AUTOLIV INC | Financial_Report.xls |
| EX-31.1 - EX-31.1 - AUTOLIV INC | d820512dex311.htm |
Exhibit 12.1
Autoliv, Inc.
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in millions) | Year Ended December 31, | |||||||||||||||||||
| Fixed charges | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||||
| Interest expense |
$ | 66.6 | $ | 68.2 | $ | 41.7 | $ | 32.9 | $ | 63.4 | ||||||||||
| Interest portion of rental expense (1) |
9.7 | 12.0 | 11.7 | 15.1 | 14.7 | |||||||||||||||
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| Total |
$ | 76.3 | $ | 80.2 | $ | 53.4 | $ | 48.0 | 78.1 | |||||||||||
| Earnings |
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| Income before income taxes |
$ | 805.5 | $ | 828.3 | $ | 668.6 | $ | 734.0 | $ | 667.1 | ||||||||||
| Earnings in Affiliates |
(5.5 | ) | (6.8 | ) | (8.1 | ) | (7.3 | ) | (6.9 | ) | ||||||||||
| Fixed charges + |
76.3 | 80.2 | 53.4 | 48.0 | 78.1 | |||||||||||||||
| Cash from Affiliates + |
9.2 | 6.4 | 4.8 | 4.6 | 5.7 | |||||||||||||||
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| Total |
$ | 885.5 | $ | 908.1 | $ | 718.7 | $ | 779.3 | $ | 744.0 | ||||||||||
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| Ratios of Earnings to Fixed Charges |
12x | 11x | 13x | 16x | 10X | |||||||||||||||
(1) One-third of all rental expense is deemed to be interest.
For the purpose of computing these ratios, (i) “earnings” consists of the sum of pre-tax income from continuing operations before adjustment for non-controlling interests in our consolidated subsidiaries or income or loss from equity investees; fixed charges; amortization of capitalized interest; and distributed income of equity investees; and (ii) “fixed charges” consists of the sum of interest expense (which includes amortization of premiums, discounts, and capitalized expenses related to debt issue costs, when applicable); capitalized interest; and one-third of rental expense which we believe to be a reasonable estimate of an interest factor in our leases.