Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | a15-11876_110q.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | a15-11876_1ex31d1.htm |
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | a15-11876_1ex32d2.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | a15-11876_1ex32d1.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | a15-11876_1ex31d2.htm |
EXHIBIT 12
OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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|
Six months ended June 30, |
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2015 |
|
2014 |
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Earnings from continuing operations before income taxes |
|
$ |
162 |
|
$ |
313 |
| |
|
Less: |
Equity earnings |
|
(29 |
) |
(35 |
) | ||
|
Add: |
Total fixed charges deducted from earnings |
|
126 |
|
112 |
| ||
|
|
Dividends received from equity investees |
|
33 |
|
33 |
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|
|
|
|
|
|
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|
Earnings available for payment of fixed charges |
|
$ |
292 |
|
$ |
423 |
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|
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Fixed charges |
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|
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Interest expense |
|
$ |
124 |
|
$ |
111 |
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|
|
Portion of operating lease rental deemed to be interest |
|
2 |
|
1 |
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|
|
|
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|
|
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Total fixed charges deducted from earnings and fixed charges |
|
$ |
126 |
|
$ |
112 |
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|
|
|
|
|
|
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Ratio of earnings to fixed charges |
|
2.3 |
|
3.8 |
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