EX-12 2 ten-2016630x10qexhibit12.htm EX-12 Exhibit



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,
 
2016
 
2015
 
(Millions)
Net income attributable to Tenneco Inc.
$
143

 
$
127

Add:
 
 
 
Interest expense
52

 
33

Portion of rental representative of the interest factor
11

 
10

Income Tax Expense
74

 
88

Noncontrolling interests
32

 
27

Amortization of interest capitalized
2

 
3

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

 
1

Earnings as defined
$
314

 
$
289

Interest expense
52

 
33

Interest capitalized
3

 
3

Portion of rentals representative of the interest factor
11

 
10

Fixed charges as defined
$
66

 
$
46

Ratio of earnings to fixed charges
4.76

 
6.28