Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | ow-20170630ex32239a5e5.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | ow-20170630ex3215adfdb.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | ow-20170630ex312133e6a.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | ow-20170630ex311a6a3dc.htm |
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | ow-20170630x10q.htm |
EXHIBIT 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Six months ended June 30, |
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2017 |
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2016 |
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Earnings from continuing operations before income taxes |
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$ |
224 |
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$ |
242 |
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Less: Equity earnings |
(33) | (29) | |||||
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Add: Total fixed charges deducted from earnings |
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148 |
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139 |
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Dividends received from equity investees |
24 | 23 | |||||
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Earnings available for payment of fixed charges |
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$ |
363 |
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$ |
375 |
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Fixed charges |
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Interest expense |
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$ |
146 |
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$ |
136 |
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Portion of operating lease rental deemed to be interest |
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2 |
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3 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
148 |
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$ |
139 |
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Ratio of earnings to fixed charges |
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2.5 |
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2.7 |
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