EX-12 6 exhibit12-2008.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit12-2008.htm
EXHIBIT 12

CROWN HOLDINGS, INC.

COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES

 
Twelve months ended
  
Twelve months ended
  
 
12/31/2008
  
12/31/2007
  
Computation of Earnings:
        
         
Income before income taxes and minority interests
      $442  
 
$201
  
         
Adjustments to income
        
         
Add:  Distributed income from less than 50% owned companies
         2
  
     1
  
         
Add:  Fixed charges as presented below
     323
  
 341
  
         
Subtract:  Interest capitalized
        0
  
     0
  
         
Add:  Amortization of interest previously capitalized
        0
  
     0
  
         
Earnings
  $767
  
$543
  
         
Computation of fixed charges:
        
         
Interest incurred
  $291
  
$307
  
         
Interest capitalized
        0
  
      0
  
         
Amortization of debt related costs
      11
  
    11
  
         
Portion of rental expense representative of interest (1)
      21
  
    23
  
         
Total fixed charges
  $323
  
$341
  
         
Ratio of earnings to fixed charges (2)
     2.4
  
   1.6
  
 

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