EX-12 2 d413232dex12.htm EX-12 EX-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)

 

     Nine Months Ended
September 30,		  
       2012         2011    
     (Dollars in Millions)  

Net income attributable to Tenneco Inc.

    $ 242      $ 127   

Add:

     

Interest expense

      84        81   

Portion of rentals representative of the interest factor

      13        13   

Income tax (benefit) expense

      (3 )      65   

Noncontrolling interest

      21        18   

Amortization of interest capitalized

      3        3   

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

      1        —   
  

 

 

    

 

 

  

Earnings as defined

    $ 361      $ 307   
  

 

 

    

 

 

  

Interest expense

    $ 84      $ 81   

Interest capitalized

      3        3   

Portion of rentals representative of the interest factor

      13        13   
  

 

 

    

 

 

  

Fixed charges as defined

    $ 100      $ 97   
  

 

 

    

 

 

  

Ratio of earnings to fixed charges

      3.61        3.16