Attached files
| file | filename |
|---|---|
| EX-10.(A) - EX-10.(A) - Howmet Aerospace Inc. | d943108dex10a.htm |
| EX-95 - EX-95 - Howmet Aerospace Inc. | d943108dex95.htm |
| EX-32 - EX-32 - Howmet Aerospace Inc. | d943108dex32.htm |
| EX-31 - EX-31 - Howmet Aerospace Inc. | d943108dex31.htm |
| EX-15 - EX-15 - Howmet Aerospace Inc. | d943108dex15.htm |
| 10-Q - FROM 10-Q - Howmet Aerospace Inc. | d943108d10q.htm |
EXHIBIT 12
Alcoa and subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
| Six months ended June 30, |
2015 | |||
| Earnings: |
||||
| Income before income taxes |
$ | 763 | ||
| Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity loss |
10 | |||
| Fixed charges added to earnings |
264 | |||
| Distributed income of less than 50 percent-owned persons |
40 | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
21 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| Total earnings |
$ | 1,098 | ||
|
|
|
|||
| Fixed Charges: |
||||
| Interest expense: |
||||
| Consolidated |
$ | 246 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 246 | |||
|
|
|
|||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 18 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 18 | |||
|
|
|
|||
| Fixed charges added to earnings |
$ | 264 | ||
|
|
|
|||
| Interest capitalized: |
||||
| Consolidated |
$ | 29 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 29 | |||
|
|
|
|||
| Preferred stock dividend requirements of majority-owned subsidiaries |
— | |||
|
|
|
|||
| Total fixed charges |
$ | 293 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
3.7 | |||