Attached files
| file | filename |
|---|---|
| EX-32 - SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO - OLIN Corp | oln-ex32_2018930xq3.htm |
| EX-31.2 - SECTION 302 CERTIFICATION STATEMENT OF CFO - OLIN Corp | oln-ex312_2018930xq3.htm |
| EX-31.1 - SECTION 302 CERTIFICATION STATEMENT OF CEO - OLIN Corp | oln-ex311_2018930xq3.htm |
| 10-Q - FORM 10-Q - OLIN Corp | oln-2018930x10q.htm |
Exhibit 12
OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Nine Months Ended September 30, | ||||||||
2018 | 2017 | |||||||
Earnings: | ($ in millions) | |||||||
Income before taxes | $ | 363.2 | $ | 56.5 | ||||
Add (deduct): | ||||||||
Losses (earnings) of non-consolidated affiliates | 20.2 | (1.5 | ) | |||||
Amortization of capitalized interest | 1.5 | 1.5 | ||||||
Capitalized interest | (4.7 | ) | (3.0 | ) | ||||
Fixed charges as described below | 219.6 | 190.9 | ||||||
Total | $ | 599.8 | $ | 244.4 | ||||
Fixed charges: | ||||||||
Interest expensed and capitalized | $ | 188.7 | $ | 161.0 | ||||
Estimated interest factor in rent expense(1) | 30.9 | 29.9 | ||||||
Total | $ | 219.6 | $ | 190.9 | ||||
Ratio of earnings to fixed charges | 2.7 | 1.3 | ||||||
(1) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |