Attached files
| file | filename |
|---|---|
| EX-23 - CONSENT OF BATES WHITE LLC - MERITOR, INC. | exhibit23.htm |
| 10-Q - QUARTERLY REPORT - MERITOR, INC. | meritor_10q.htm |
| EX-32.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - MERITOR, INC. | exhibit32-b.htm |
| EX-32.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - MERITOR, INC. | exhibit32-a.htm |
| EX-31.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - MERITOR, INC. | exhibit31-b.htm |
| EX-31.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - MERITOR, INC. | exhibit31-a.htm |
| EX-10.C - RECEIVABLES PURCHASE AGREEMENT DATED AS OF MARCH 22, 2017 - MERITOR, INC. | exhibit10-c.htm |
| EX-10.B - THIRD AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT - MERITOR, INC. | exhibit10-b.htm |
Exhibit 12
Meritor, Inc.
Computation of Ratio of Earnings to Fixed Charges
Six Months Ended March 31, 2017
(Amounts in millions, except the ratio)
Earnings Available for Fixed Charges (A): | |||||
Pre-tax income from continuing operations | $ | 58 | |||
Add: | |||||
Distributed income of affiliates | 13 | ||||
Less: | |||||
Equity in earnings of affiliates | (18 | ) | |||
53 | |||||
Add: fixed charges included in earnings: | |||||
Interest expense | 44 | ||||
Interest element of rentals | 3 | ||||
Total | 47 | ||||
Total earnings available for fixed charges: | $ | 100 | |||
Fixed Charges (B): | |||||
Fixed charges included in earnings | $ | 47 | |||
Capitalized interest | — | ||||
Total fixed charges | $ | 47 | |||
Ratio of Earnings to Fixed Charges | 2.13 | ||||
(A) “Earnings” are defined as pre-tax income from continuing operations, adjusted for minority earnings and share of income from equity investees and fixed charges excluding capitalized interest.
(B) “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.