EX-12 3 ten-2015331x10qexhibit12.htm EX-12 TEN-2015.3.31-10Q 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,
 
2015
 
2014
 
(Millions)
Net income attributable to Tenneco Inc.
$
49

 
$
46

Add:
 
 
 
Interest expense
16

 
19

Portion of rental representative of the interest factor
5

 
5

Income Tax Expense (Benefit)
41

 
40

Noncontrolling interests
14

 
8

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
$
126

 
$
119

Interest expense
16

 
19

Interest capitalized
1

 
1

Portion of rentals representative of the interest factor
5

 
5

Fixed charges as defined
$
22

 
$
25

Ratio of earnings to fixed charges
5.73

 
4.76