Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppgq2201610qex322.htm |
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppgq2201610qex321.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppgq2201610qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppgq2201610qex311.htm |
| EX-2.2 - EXHIBIT 2.2 - PPG INDUSTRIES INC | ppgq2201610qex22.htm |
| EX-2.1 - EXHIBIT 2.1 - PPG INDUSTRIES INC | ppgq2201610qex21.htm |
| 10-Q - 10-Q - PPG INDUSTRIES INC | ppgq2201610q.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Six Months Ended June 30 | Year Ended December 31 | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 1,138 | $ | 1,865 | $ | 1,308 | $ | 1,229 | $ | 814 | $ | 936 | |||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges exclusive of capitalized interest | 107 | 213 | 280 | 284 | 281 | 280 | |||||||||||||||||
Amortization of capitalized interest | 3 | 6 | 6 | 6 | 6 | 6 | |||||||||||||||||
Adjustments for equity affiliates | 1 | 77 | 5 | 9 | 12 | 19 | |||||||||||||||||
Total | $ | 1,249 | $ | 2,161 | $ | 1,599 | $ | 1,528 | $ | 1,113 | $ | 1,241 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense incl amortization of debt discount/premium and debt expense | $ | 62 | $ | 126 | $ | 187 | $ | 197 | $ | 210 | $ | 210 | |||||||||||
Rentals - portion representative of interest | 45 | 87 | 93 | 87 | 71 | 70 | |||||||||||||||||
Fixed charges exclusive of capitalized interest | 107 | 213 | 280 | 284 | 281 | 280 | |||||||||||||||||
Capitalized interest | 4 | 9 | 16 | 10 | 8 | 9 | |||||||||||||||||
Total | $ | 111 | $ | 222 | $ | 296 | $ | 294 | $ | 289 | $ | 289 | |||||||||||
Ratio of earnings to fixed charges | 11.2 | 9.7 | 5.4 | 5.2 | 3.9 | 4.3 | |||||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations