EX-12 3 c54425exv12.htm EX-12 exv12
EXHIBIT 12
 
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
 
                 
    Nine Months
 		 
    Ended
 		 
    September 30,  
    2009     2008  
    (Dollars in Millions)  
 
Net income (loss) attributable to Tenneco Inc. 
  $ (90 )   $ (117 )
Add:
               
Interest expense
    101       88  
Portion of rentals representative of the interest factor
    11       12  
Income tax expense and other taxes on income
    18       163  
Noncontrolling interest
    10       8  
Amortization of interest capitalized
    3       3  
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
    1       (3 )
                 
Earnings as defined
  $ 54     $ 154  
                 
Interest expense
  $ 101     $ 88  
Interest capitalized
    3       5  
Portion of rentals representative of the interest factor
    11       12  
                 
Fixed charges as defined
  $ 115     $ 105  
                 
Ratio of earnings to fixed charges
    0.47       1.47  
                 
 
NOTE: Earnings were inadequate to cover fixed charges by $61 million for the nine months ended September 30, 2009.