Attached files
file | filename |
---|---|
EX-31.2 - EX-31.2 - O-I Glass, Inc. /DE/ | a15-11875_1ex31d2.htm |
EX-32.1 - EX-32.1 - O-I Glass, Inc. /DE/ | a15-11875_1ex32d1.htm |
EX-32.2 - EX-32.2 - O-I Glass, Inc. /DE/ | a15-11875_1ex32d2.htm |
EX-31.1 - EX-31.1 - O-I Glass, Inc. /DE/ | a15-11875_1ex31d1.htm |
10-Q - 10-Q - O-I Glass, Inc. /DE/ | a15-11875_110q.htm |
EXHIBIT 12
OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
|
|
Six months ended June 30, |
| ||||
|
|
2015 |
|
2014 |
| ||
|
|
|
|
|
| ||
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 |
| ||
|
|
|
|
|
| ||
Earnings available for payment of fixed charges |
|
$ |
292 |
|
$ |
423 |
|
|
|
|
|
|
| ||
Fixed charges |
|
|
|
|
| ||
|
|
|
|
|
| ||
Interest expense |
|
$ |
124 |
|
$ |
111 |
|
Portion of operating lease rental deemed to be interest |
|
2 |
|
1 |
| ||
|
|
|
|
|
| ||
Total fixed charges deducted from earnings and fixed charges |
|
$ |
126 |
|
$ |
112 |
|
|
|
|
|
|
| ||
Ratio of earnings to fixed charges |
|
2.3 |
|
3.8 |
|