EX-12 5 c17632exv12.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) ------------- SIX MONTHS SIX MONTHS ENDED ENDED JUNE 30, 2007 JUNE 30, 2006 ------------- ------------- Net income................................................ $ 46 $ 27 Add: Interest expense.......................................... 80 72 Amortization of capitalized interest...................... 1 1 Portion of rentals representative of the interest factor.. 6 6 Income tax benefit and other taxes on income.............. 22 13 Minority interest......................................... 4 2 Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned.......... -- -- ----- ----- Earnings as defined..................................... $ 159 $ 121 ===== ===== Interest expense.......................................... $ 80 $ 72 Interest capitalized...................................... 2 3 Portion of rentals representative of the interest factor.. 6 6 ----- ----- Fixed charges as defined................................ $ 88 $ 81 ===== ===== Ratio of earnings to fixed charges........................ 1.81 1.49 ===== =====