Attached files
| file | filename |
|---|---|
| EX-3.(A) - EX-3(A) - Howmet Aerospace Inc. | d249051dex3a.htm |
| 10-Q - FORM 10-Q - Howmet Aerospace Inc. | d249051d10q.htm |
| EX-95 - EX-95 - Howmet Aerospace Inc. | d249051dex95.htm |
| EX-32 - EX-32 - Howmet Aerospace Inc. | d249051dex32.htm |
| EX-31 - EX-31 - Howmet Aerospace Inc. | d249051dex31.htm |
| EX-15 - EX-15 - Howmet Aerospace Inc. | d249051dex15.htm |
| EX-10.(D) - EX-10(D) - Howmet Aerospace Inc. | d249051dex10d.htm |
| EX-10.(C) - EX-10(C) - Howmet Aerospace Inc. | d249051dex10c.htm |
| EX-3.(B) - EX-3(B) - Howmet Aerospace Inc. | d249051dex3b.htm |
| EX-2.(K) - EX-2(K) - Howmet Aerospace Inc. | d249051dex2k.htm |
EXHIBIT 12
Arconic and subsidiaries
Computations of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(in millions, except ratios)
| Nine months ended September 30, |
2016 | |||
| Earnings: |
||||
| Income before income taxes |
$ | 704 | ||
| Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity income |
(32 | ) | ||
| Fixed charges added to earnings |
415 | |||
| Distributed income of less than 50 percent-owned persons |
64 | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
30 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| Total earnings |
$ | 1,181 | ||
|
|
|
|||
| Fixed Charges: |
||||
| Interest expense: |
||||
| Consolidated |
$ | 389 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 389 | |||
|
|
|
|||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 26 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 26 | |||
|
|
|
|||
| Fixed charges added to earnings |
$ | 415 | ||
|
|
|
|||
| Interest capitalized: |
||||
| Consolidated |
$ | 35 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 35 | |||
|
|
|
|||
| Preferred stock dividend requirements of majority-owned subsidiaries |
$ | — | ||
|
|
|
|||
| Total fixed charges |
$ | 450 | ||
|
|
|
|||
| Pretax earnings required to pay preferred stock dividends* |
$ | 81 | ||
|
|
|
|||
| Combined total fixed charges and preferred stock dividends |
$ | 531 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
2.6 | |||
|
|
|
|||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
2.2 | |||
|
|
|
|||
| * | Based on a U.S. statutory tax rate of 35% |