EX-12 2 oln-ex12_2012630q2.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) OLN-Ex12_2012.6.30.Q2


Exhibit 12

OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)

 
 
Six Months Ended
June 30,
 
 
2012
 
2011
Earnings:
 
($ in millions)
Income before taxes
 
$
123.8

 
$
283.5

Add (deduct):
 
 
 
 
Equity in income of non-consolidated affiliates
 
(0.8
)
 
(7.7
)
Dividends received from non-consolidated affiliates
 
0.1

 
0.7

Capitalized interest
 
(2.8
)
 
(0.4
)
Fixed charges as described below
 
24.6

 
23.7

Total
 
$
144.9

 
$
299.8

Fixed charges:
 
 
 
 
Interest expensed and capitalized
 
$
15.1

 
$
15.0

Estimated interest factor in rent expense(1)
 
9.5

 
8.7

Total
 
$
24.6

 
$
23.7

Ratio of earnings to fixed charges
 
5.9

 
12.6


(1)  Amounts represent those portions of rent expense that are reasonable approximations of interest costs.