EX-12 2 dex12.htm COMPUTATION OF RATION OF EARNINGS TO FIXED CHARGES Computation of ration of earnings to fixed charges

Exhibit 12

CROWN HOLDINGS, INC.

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

 

     Twelve months
ended
12/31/2010
     Twelve months
ended
12/31/2009
 

Computation of Earnings:

     

Income before income taxes, minority interests and equity earnings

   $ 614       $ 459   

Adjustments to income

     

Add: Distributed income from less than 50% owned companies

     2         2   

Add: Fixed charges as presented below

     221         268   

Subtract: Interest capitalized

     0         0   

Add: Amortization of interest previously capitalized

     0         0   
                 

Earnings

   $ 837       $ 729   
                 

Computation of fixed charges:

     

Interest incurred

   $ 193       $ 237   

Interest capitalized

     0         0   

Amortization of debt related costs

     10         10   

Portion of rental expense representative of interest (1)

     18         21   
                 

Total fixed charges

   $ 221       $ 268   
                 

Ratio of earnings to fixed charges

     3.8         2.7   
                 

 

(1) One-third of net rent expense is the portion deemed representative of the interest factor.