EX-12 2 ten-2014331x10qexhibit12.htm EX-12 TEN-2014.3.31-10Q Exhibit 12



EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

 
Three Months Ended March 31,
 
2014
 
2013
 
(Millions)
Net income attributable to Tenneco Inc.
$
46

 
$
54

Add:
 
 
 
Interest expense
19

 
20

Portion of rental representative of the interest factor
5

 
5

Income tax expense
40

 
12

Noncontrolling interests
8

 
7

Amortization of interest capitalized
1

 
1

Undistributed (earnings) losses of affiliated companies in which less
 
 
 
than a 50% voting interest is owned


 

Earnings as defined
$
119

 
$
99

Interest expense
19

 
20

Interest capitalized
1

 
1

Portion of rentals representative of the interest factor
5

 
5

Fixed charges as defined
$
25

 
$
26

Ratio of earnings to fixed charges
4.76

 
3.81