EX-12 4 c05008exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 TENNECO INC. AND CONSOLIDATED SUBSIDIARIES COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS) (UNAUDITED)
THREE MONTHS ENDED MARCH 31, ------------ 2006 2005 ----- ----- Net income....................................................... $ 7 $ 7 Add: Interest expense............................................... 34 32 Amortization of capitalized interest........................... -- 1 Portion of rentals representative of the interest factor....... 3 2 Income tax benefit and other taxes on income................... -- 4 Minority interest.............................................. 1 1 ----- ----- Earnings as defined......................................... $ 45 $ 47 ===== ===== Interest expense................................................. $ 34 $ 32 Interest capitalized............................................. 1 1 Portion of rentals representative of the interest factor......... 3 2 ----- ----- Fixed charges as defined.................................... $ 38 $ 35 ===== ===== Ratio of earnings to fixed charges............................... 1.18 1.34 ===== =====