EX-12 2 c34225exv12.htm EXHIBIT 12 Exhibit 12
EXHIBIT 12
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
                 
    Six Months Ended  
    June 30,  
    2008     2007  
    (Dollars in Millions)  
Net income
   $ 19     $ 46  
Add:
                
Interest expense
     58       80  
Portion of rentals representative of the interest factor
     8       6  
Income tax benefit and other taxes on income
     32       22  
Minority interest
     5       4  
Amortization of interest capitalized
     2       1  
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
     (3 )     —  
 
            
Earnings as defined
   $ 121     $ 159  
 
            
Interest expense
   $ 58     $ 80  
Interest capitalized
     3       2  
Portion of rentals representative of the interest factor
     8       6  
 
            
Fixed charges as defined
   $ 69     $ 88  
 
            
Ratio of earnings to fixed charges
     1.75       1.81