EX-12.1 3 fy2018q2exhibit121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)
 
Six Months Ended
 
June 30, 2018
Income before income taxes
$
146.0

Income recognized on less than fifty percent owned persons
(2.4
)
Noncontrolling interest in the income of subsidiary with fixed charges
(5.3
)
 
$
138.3

Fixed Charges:
 
Interest expense
$
49.5

Portion of rents deemed to be interest
4.1

Capitalized interest
2.1

Amortization of debt expense
1.8

Fixed charges excluding capitalized interest
57.5

Earnings adjustments:
 
Capitalized interest
(2.1
)
Earnings, as adjusted
$
193.7

Ratio of earnings to fixed charges
3.4