EX-12 2 ten-2015630x10qexhibit12.htm EX-12 TEN-2015.6.30-10Q 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)

 
Six Months Ended June 30,
 
2015
 
2014
 
(Millions)
Net income attributable to Tenneco Inc.
$
127

 
$
127

Add:
 
 
 
Interest expense
33

 
38

Portion of rental representative of the interest factor
10

 
11

Income Tax Expense (Benefit)
88

 
86

Noncontrolling interests
27

 
18

Amortization of interest capitalized
3

 
2

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

 
—

Earnings as defined
$
289

 
$
282

Interest expense
33

 
38

Interest capitalized
3

 
2

Portion of rentals representative of the interest factor
10

 
11

Fixed charges as defined
$
46

 
$
51

Ratio of earnings to fixed charges
6.28

 
5.53