EX-12 2 c14931exv12.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, ------------- 2007 2006 ----- ----- Net income....................................................... $ 3 $ 7 Add: Interest expense................................................. 42 34 Portion of rentals representative of the interest factor......... 3 3 Income tax expense and other taxes on income..................... 3 -- Minority interest................................................ 2 1 Earnings as defined............................................ $ 53 $ 45 ===== ===== Interest expense................................................. $ 42 $ 34 Interest capitalized............................................. 1 1 Portion of rentals representative of the interest factor......... 3 3 ----- ----- Fixed charges as defined....................................... $ 46 $ 38 ===== ===== Ratio of earnings to fixed charges............................... 1.15 1.18 ===== =====
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