EX-12 3 exhibit12-2009.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit12-2009.htm
EXHIBIT 12

CROWN HOLDINGS, INC.

COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES

 
Twelve months ended
  
Twelve months ended
  
 
12/31/2009
  
12/31/2008
  
Computation of Earnings:
        
         
Income before income taxes and equity earnings
      $459  
 
$442
  
         
Adjustments to income
        
         
Add:  Distributed income from less than 50% owned companies
         2
  
     2
  
         
Add:  Fixed charges as presented below
     268
  
 323
  
         
Subtract:  Interest capitalized
        0
  
     0
  
         
Add:  Amortization of interest previously capitalized
        0
  
     0
  
         
Earnings
  $729
  
$767
  
         
Computation of fixed charges:
        
         
Interest incurred
  $237
  
$291
  
         
      Amortization of debt related costs
     10
  
    11
  
         
      Portion of rental expense representative of interest (1)
      21
  
    21
  
         
Interest capitalized
      0
  
    0
  
         
Total fixed charges
  $268
  
$323
  
         
Ratio of earnings to fixed charges
     2.7
  
   2.4
  
 

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