Attached files

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EXCEL - IDEA: XBRL DOCUMENT - OLIN CorpFinancial_Report.xls
EX-32 - SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO - OLIN Corpoln-ex32_2015331xq1.htm
EX-31.2 - SECTION 302 CERTIFICATION STATEMENT OF CFO - OLIN Corpoln-ex312_2015331xq1.htm
EX-31.1 - SECTION 302 CERTIFICATION STATEMENT OF CEO - OLIN Corpoln-ex311_2015331xq1.htm
10-Q - FORM 10-Q - OLIN Corpoln-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.