Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | ow-20180331ex3225ffe64.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | ow-20180331ex32119ba1b.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | ow-20180331ex31246a8b0.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | ow-20180331ex311849e14.htm |
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | ow-20180331x10q.htm |
EXHIBIT 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Three months ended March 31 |
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2018 |
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2017 |
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Earnings from continuing operations before income taxes |
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$ |
135 |
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$ |
73 |
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Less: Equity earnings |
(17) | (15) | |||||
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Add: Total fixed charges deducted from earnings |
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65 |
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82 |
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Dividends received from equity investees |
30 | 3 | |||||
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Earnings available for payment of fixed charges |
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$ |
213 |
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$ |
143 |
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Fixed charges |
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Interest expense |
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$ |
64 |
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$ |
81 |
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Portion of operating lease rental deemed to be interest |
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1 |
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1 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
65 |
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$ |
82 |
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Ratio of earnings to fixed charges |
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3.3 |
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1.7 |
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