MERITOR, INC. - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 2, 2017

Attached files

file filename
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-23 - CONSENT OF BATES WHITE LLC - MERITOR, INC.exhibit23.htm
EX-10.B - AMENDMENT NO. 7 DATED JUNE 22, 2017 TO THE RECEIVABLES PURCHASE AGREEMENT - MERITOR, INC.exhibit10-b.htm
EX-10.A - EXTENSION OF A RECEIVABLES PURCHASE AGREEMENT DATED AS OF JUNE 8, 2017 - MERITOR, INC.exhibit10-a.htm
10-Q - QUARTERLY REPORT - MERITOR, INC.meritor_10q.htm
Exhibit 12


Meritor, Inc.
Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended June 30, 2017
(Amounts in millions, except the ratio)


 
Earnings Available for Fixed Charges (A):
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
 
$
121

 
 
 
 
 
 
Add:
 
 
 
 
Distributed income of affiliates
 
 
25

 
 
 
 
 
 
Less:
 
 
 
 
Equity in earnings of affiliates
 
 
(32
)
 
 
 
 
114

 
Add: fixed charges included in earnings:
 
 
 
 
Interest expense
 
 
65

 
Interest element of rentals
 
 
4

 
Total
 
 
69

 
 
 
 
 
 
Total earnings available for fixed charges:
 
$
183

 
 
 
 
 
 
Fixed Charges (B):
 
 
 
 
Fixed charges included in earnings
 
$
69

 
Capitalized interest
 
 
—

 
Total fixed charges
 
$
69

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 
2.65

 

(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.





MERITOR, INC. Reports