EX-12 2 c17410exv12.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)
AS RESTATED (NOTE 2) -------------- THREE MONTHS ENDED MARCH 31, -------------- 2007 2006 ----- ----- Net income.................................................... $ 5 $ 3 Add: Interest expense.............................................. 40 37 Portion of rentals representative of the interest factor...... 3 3 Income tax expense and other taxes on income.................. 2 -- Minority interest............................................. 2 1 ----- ----- Earnings as defined......................................... $ 52 $ 44 ===== ===== Interest expense.............................................. $ 40 $ 37 Interest capitalized.......................................... 1 1 Portion of rentals representative of the interest factor...... 3 3 ----- ----- Fixed charges as defined.................................... $ 44 $ 41 ===== ===== Ratio of earnings to fixed charges............................ 1.18 1.07 ===== =====