Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | ow-20170930ex322ca8d14.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | ow-20170930ex321993e37.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | ow-20170930ex3123cf2dc.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | ow-20170930ex31133d12f.htm |
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | ow-20170930x10q.htm |
EXHIBIT 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Nine months ended September 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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$ |
396 |
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$ |
395 |
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Less: Equity earnings |
(55) | (44) | |||||
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Add: Total fixed charges deducted from earnings |
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214 |
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208 |
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Dividends received from equity investees |
31 | 30 | |||||
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Earnings available for payment of fixed charges |
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$ |
586 |
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$ |
589 |
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Fixed charges |
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Interest expense |
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$ |
211 |
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$ |
204 |
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Portion of operating lease rental deemed to be interest |
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3 |
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4 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
214 |
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$ |
208 |
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Ratio of earnings to fixed charges |
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2.7 |
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2.8 |
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