Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - OLIN Corp | oln-2018630x10q.htm |
| EX-32 - SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO - OLIN Corp | oln-ex32_2018630xq2.htm |
| EX-31.2 - SECTION 302 CERTIFICATION STATEMENT OF CFO - OLIN Corp | oln-ex312_2018630xq2.htm |
| EX-31.1 - SECTION 302 CERTIFICATION STATEMENT OF CEO - OLIN Corp | oln-ex311_2018630xq2.htm |
| EX-10.2 - THIRD AMENDMENT AGREEMENT - OLIN Corp | oln-ex102_2018630xq2.htm |
Exhibit 12
OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Six Months Ended June 30, | ||||||||
2018 | 2017 | |||||||
Earnings: | ($ in millions) | |||||||
Income (loss) before taxes | $ | 101.8 | $ | (3.9 | ) | |||
Add (deduct): | ||||||||
Losses (earnings) of non-consolidated affiliates | 20.6 | (1.0 | ) | |||||
Amortization of capitalized interest | 1.0 | 1.0 | ||||||
Capitalized interest | (2.6 | ) | (1.6 | ) | ||||
Fixed charges as described below | 148.2 | 126.5 | ||||||
Total | $ | 269.0 | $ | 121.0 | ||||
Fixed charges: | ||||||||
Interest expensed and capitalized | $ | 127.4 | $ | 106.5 | ||||
Estimated interest factor in rent expense(1) | 20.8 | 20.0 | ||||||
Total | $ | 148.2 | $ | 126.5 | ||||
Ratio of earnings to fixed charges | 1.8 | 1.0 | ||||||
(1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |