EX-12 10 exhibit12-2006.htm EX 12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 to Form 10 - K 2006 - Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12



CROWN HOLDINGS, INC.


COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES

(in millions)



      Twelve months   Twelve months  
      ended   ended  
      12/31/2006   12/31/2005  

Computation of Earnings:
 
Income/(loss) from continuing operatons before income taxes,
     minority interests and equity earnings
$335 ($270 )
 
Adjustments to income
 
  Add: Distributed income from less than 50% owned companies   2   9  
 
  Add: Fixed charges, as presented below   306   379  
 
  Subtract: Interest capitalized   (1 ) (1 )
 
  Add: Amortization of interest previously capitalized   0   0  
 

 
            Earnings   $642   $117  
 

 
Computation of Fixed Charges:
 
  Interest incurred   $279   $344  
 
  Interest capitalized   1   1  
 
  Amortization of debt-related costs   7   17  
 
  Portion of rental expense representative of interest   (1)   19   17  
 
 

 
  Total fixed charges   $306   $379  
 

 
  Ratio of earnings to fixed charges   (2)   2.1   *  
 



   
(1) One-third of net rent expense is the portion deemed representative of the interest factor.
   
(2) Earnings did not cover fixed charges by $262 in 2005.