Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - OLIN Corp | Financial_Report.xls |
EX-32 - SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO - OLIN Corp | oln-ex32_2015331xq1.htm |
EX-31.2 - SECTION 302 CERTIFICATION STATEMENT OF CFO - OLIN Corp | oln-ex312_2015331xq1.htm |
EX-31.1 - SECTION 302 CERTIFICATION STATEMENT OF CEO - OLIN Corp | oln-ex311_2015331xq1.htm |
10-Q - FORM 10-Q - OLIN Corp | oln-2015331x10q.htm |
Exhibit 12
OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Three Months Ended March 31, | ||||||||
2015 | 2014 | |||||||
Earnings: | ($ in millions) | |||||||
Income before taxes | $ | 19.6 | $ | 48.2 | ||||
Add (deduct): | ||||||||
Earnings of non-consolidated affiliates | (0.4 | ) | (0.4 | ) | ||||
Amortization of capitalized interest | 0.5 | 0.5 | ||||||
Capitalized interest | (0.1 | ) | — | |||||
Fixed charges as described below | 12.9 | 15.4 | ||||||
Total | $ | 32.5 | $ | 63.7 | ||||
Fixed charges: | ||||||||
Interest expensed and capitalized | $ | 7.2 | $ | 9.7 | ||||
Estimated interest factor in rent expense(1) | 5.7 | 5.7 | ||||||
Total | $ | 12.9 | $ | 15.4 | ||||
Ratio of earnings to fixed charges | 2.5 | 4.1 |
(1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |