Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATION OF WILLIAM A. WULFSOHN AND J. KEVIN WILLIS - ASHLAND LLC | a3312016exhibit32.htm |
| 10-Q - 10-Q - ASHLAND LLC | a3312016ash10q.htm |
| EX-10.1 - AMENDMENT NO. 10 TO THE TRANSFER AND ADMINISTRATION AGREEMENT - ASHLAND LLC | a3312016exhibit101.htm |
| EX-31.1 - CERTIFICATION OF WILLIAM A. WULFSOHN - ASHLAND LLC | a3312016exhibit311.htm |
| EX-31.2 - CERTIFICATION OF J. KEVIN WILLIS - ASHLAND LLC | a3312016exhibit312.htm |
| 10-Q - PDF VERSION - ASHLAND LLC | a3312016ash10qfinal.pdf |
EXHIBIT 12 | |||||||||||||||||||||||||||
ASHLAND INC. | |||||||||||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||
Six months ended | |||||||||||||||||||||||||||
Years ended September 30 | March 31 | ||||||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2016 | 2015 | |||||||||||||||||||||
EARNINGS | |||||||||||||||||||||||||||
Income from continuing operations | $ | 191 | $ | 72 | $ | 553 | $ | 14 | $ | 3 | $ | 178 | $ | 136 | |||||||||||||
Income tax expense (benefit) | (22 | ) | (188 | ) | 196 | (57 | ) | (70 | ) | 35 | 27 | ||||||||||||||||
Interest expense | 148 | 149 | 208 | 197 | 105 | 81 | 74 | ||||||||||||||||||||
Interest portion of rental expense | 20 | 29 | 25 | 28 | 25 | 10 | 10 | ||||||||||||||||||||
Amortization of deferred debt expense | 18 | 14 | 65 | 54 | 26 | 6 | 7 | ||||||||||||||||||||
Distributions in excess of (less than) earnings | |||||||||||||||||||||||||||
of unconsolidated affiliates | 7 | (11 | ) | (15 | ) | (32 | ) | (12 | ) | 1 | 17 | ||||||||||||||||
$ | 362 | $ | 65 | $ | 1,032 | $ | 204 | $ | 77 | $ | 311 | $ | 271 | ||||||||||||||
FIXED CHARGES | |||||||||||||||||||||||||||
Interest expense | $ | 148 | $ | 149 | $ | 208 | $ | 197 | $ | 105 | $ | 81 | $ | 74 | |||||||||||||
Interest portion of rental expense | 20 | 29 | 25 | 28 | 25 | 10 | 10 | ||||||||||||||||||||
Amortization of deferred debt expense | 18 | 14 | 65 | 54 | 26 | 6 | 7 | ||||||||||||||||||||
Capitalized interest | 2 | 1 | 1 | 1 | — | 1 | 1 | ||||||||||||||||||||
$ | 188 | $ | 193 | $ | 299 | $ | 280 | $ | 156 | $ | 98 | $ | 92 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 1.93 | (C) | 3.45 | (B) | (A) | 3.17 | 2.95 | ||||||||||||||||||||
(A) Deficiency Ratio - The Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $79 million would have been required for the year ended September 30, 2011. | |||||||||||||||||||||||||||
(B) Deficiency Ratio - The Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $76 million would have been required for the year ended September 30, 2012. | |||||||||||||||||||||||||||
(C) Deficiency Ratio - The Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $128 million would have been required for the year ended September 30, 2014. | |||||||||||||||||||||||||||