EX-12.1 2 aptv2017ex121.htm EXHIBIT 12.1 Exhibit

Exhibit 12.1
APTIV PLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Year ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(dollars in millions)
Income from continuing operations before income taxes and equity income
$
1,255

 
$
1,000

 
$
997

 
$
1,052

 
$
972

Cash dividends received from non-consolidated affiliates and other
(31
)
 
(26
)
 
(28
)
 
(43
)
 
(23
)
Portion of rentals deemed to be interest
33

 
28

 
29

 
33

 
30

Interest and related charges on debt
140

 
228

 
182

 
165

 
177

Earnings available for fixed charges
$
1,397

 
$
1,230

 
$
1,180

 
$
1,207

 
$
1,156

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Portion of rentals deemed to be interest
$
33

 
$
28

 
$
29

 
$
33

 
$
30

Interest and related charges on debt
140

 
228

 
182

 
165

 
177

Total fixed charges
$
173

 
$
256

 
$
211

 
$
198

 
$
207

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
8.1

 
4.8

 
5.6

 
6.1

 
5.6