EX-12 6 ten-20141231x10kexx12.htm EX-12 TEN-2014.12.31-10K EX-12


EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
 
(Dollars in Millions)
Net Income (loss) attributable to Tenneco Inc.
 
$
226

 
$
183

 
$
275

 
$
157

 
$
39

Add:
 


 


 


 


 


Interest expense
 
91

 
80

 
105

 
108

 
149

Portion of rentals representative of the interest factor
 
21

 
19

 
18

 
17

 
15

Income tax expense
 
131

 
122

 
19

 
88

 
69

Noncontrolling interests
 
44

 
39

 
29

 
26

 
24

Amortization of interest capitalized
 
4

 
4

 
4

 
4

 
4

Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
 
(1
)
 
—

 
1

 
—

 
—

Earnings as defined
 
$
516

 
$
447

 
$
451

 
$
400

 
$
300

Interest expense
 
$
91

 
$
80

 
$
105

 
$
108

 
$
149

Interest capitalized
 
5

 
4

 
4

 
4

 
4

Portion of rentals representative of the interest factor
 
21

 
19

 
18

 
17

 
15

Fixed charges as defined
 
$
117

 
$
103

 
$
127

 
$
129

 
$
168

Ratio of earnings to fixed charges
 
4.41

 
4.34

 
3.55

 
3.10

 
1.79