MERITOR, INC. - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 30, 2015

Attached files

file filename
EX-3.B-2 - AMENDED AND RESTATED BY-LAWS OF MERITOR EFFECTIVE APRIL 29, 2015 - MERITOR, INC.exhibit3-b2.htm
EX-99 - PRESS RELEASE OF MERITOR DATED APRIL 29, 2015 - MERITOR, INC.exhibit99.htm
EX-31.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - MERITOR, INC.exhibit31-a.htm
EX-32.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - MERITOR, INC.exhibit32-b.htm
EX-31.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - MERITOR, INC.exhibit31-b.htm
EX-32.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - MERITOR, INC.exhibit32-a.htm
EX-3.B-1 - AMENDMENTS TO BY-LAWS OF MERITOR EFFECTIVE APRIL 29, 2015 - MERITOR, INC.exhibit3-b1.htm
EX-10.A-2 - AMENDED AND RESTATED EMPLOYMENT LETTER BETWEEN MERITOR AND JEFFREY A. CRAIG - MERITOR, INC.exhibit10-a2.htm
EX-10.A-1 - COMPENSATION LETTER FOR JEFFREY A. CRAIG DATED APRIL 29, 2015 - MERITOR, INC.exhibit10-a1.htm
EXCEL - IDEA: XBRL DOCUMENT - MERITOR, INC.Financial_Report.xls
10-Q - QUARTERLY REPORT - MERITOR, INC.meritor_10q.htm
EX-23 - CONSENT OF BATES WHITE LLC - MERITOR, INC.exhibit23.htm
Exhibit 12


Meritor, Inc.
Computation of Ratio of Earnings to Fixed Charges
Three Months Ended March 31, 2015
(Amounts in millions, except the ratio)


 
Earnings Available for Fixed Charges (A):
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
 
$
85

 
 
 
 
 
 
Less:
 
 
 
 
Equity in earnings of affiliates, net of dividends
 
 
(8
)
 
 
 
 
77

 
Add: fixed charges included in earnings:
 
 
 
 
Interest expense
 
 
40

 
Interest element of rentals
 
 
1

 
Total
 
 
41

 
 
 
 
 
 
Total earnings available for fixed charges:
 
$
118

 
 
 
 
 
 
Fixed Charges (B):
 
 
 
 
Fixed charges included in earnings
 
$
41

 
Capitalized interest
 
 
—

 
Total fixed charges
 
$
41

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 
2.88

 

(A) “Earnings” are defined as pre-tax income from continuing operations, adjusted for undistributed earnings of less than majority owned subsidiaries and fixed charges excluding capitalized interest.

(B) “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.





MERITOR, INC. Reports