Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - Howmet Aerospace Inc. | d435123dex32.htm |
| EX-31 - EX-31 - Howmet Aerospace Inc. | d435123dex31.htm |
| EX-15 - EX-15 - Howmet Aerospace Inc. | d435123dex15.htm |
| 10-Q - FORM 10-Q - Howmet Aerospace Inc. | d435123d10q.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, |
2017 | |||
| Earnings |
||||
| Income from continuing operations before income taxes |
$ | 925 | ||
| Noncontrolling interests share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity income |
— | |||
| Fixed charges added to earnings |
411 | |||
| Distributed income of less than 50 percent-owned persons |
— | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
10 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| Total earnings |
$ | 1,346 | ||
|
|
|
|||
| Fixed Charges |
||||
| Interest expense: |
||||
| Consolidated |
$ | 398 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 398 | |||
|
|
|
|||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 13 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 13 | |||
|
|
|
|||
| Fixed charges added to earnings |
$ | 411 | ||
|
|
|
|||
| Interest capitalized: |
||||
| Consolidated |
$ | 17 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 17 | |||
|
|
|
|||
| Preferred stock dividend requirements of majority-owned subsidiaries |
— | |||
|
|
|
|||
| Total fixed charges |
$ | 428 | ||
|
|
|
|||
| Pretax earnings required to pay preferred stock dividends* |
80 | |||
|
|
|
|||
| Combined total fixed charges and preferred stock dividends |
$ | 508 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
3.1 | |||
|
|
|
|||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
2.7 | |||
|
|
|
|||
| * | Based on U.S. statutory rate of 35% |