EX-12 3 c07338exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

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)
 
                 
    Six Months
 		 
    Ended
 		 
    June 30,  
    2006     2005  
 
Net income
  $ 31     $ 40  
Add:
               
Interest expense
    67       64  
Amortization of capitalized interest
    1       1  
Portion of rentals representative of the interest factor
    6       6  
Income tax benefit and other taxes on income
    15       22  
Minority interest
    2       1  
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
    —       (1 )
                 
Earnings as defined
  $ 122     $ 133  
                 
Interest expense
  $ 67     $ 64  
Interest capitalized
    3       1  
Portion of rentals representative of the interest factor
    6       6  
                 
Fixed charges as defined
  $ 76     $ 71  
                 
Ratio of earnings to fixed charges
    1.61       1.87  
                 


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