EX-12 5 ten-20151231x10kexx12.htm EX-12 Exhibit


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,
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
(Dollars in Millions)
Net Income attributable to Tenneco Inc.
 
$
247

 
$
226

 
$
183

 
$
275

 
$
157

Add:
 


 


 


 


 


Interest expense
 
67

 
91

 
80

 
105

 
108

Portion of rentals representative of the interest factor
 
20

 
21

 
19

 
18

 
17

Income tax expense
 
149

 
131

 
122

 
19

 
88

Noncontrolling interests
 
56

 
44

 
39

 
29

 
26

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
)
 
—

 
1

 
—

Earnings as defined
 
$
544

 
$
516

 
$
447

 
$
451

 
$
400

Interest expense
 
$
67

 
$
91

 
$
80

 
$
105

 
$
108

Interest capitalized
 
6

 
5

 
4

 
4

 
4

Portion of rentals representative of the interest factor
 
20

 
21

 
19

 
18

 
17

Fixed charges as defined
 
$
93

 
$
117

 
$
103

 
$
127

 
$
129

Ratio of earnings to fixed charges
 
5.85

 
4.41

 
4.34

 
3.55

 
3.10