EX-12 2 oln-ex12_2013x630xq2.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) OLN-Ex12_2013-6.30-Q2


Exhibit 12

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

 
 
Six Months Ended
June 30,
 
 
2013
 
2012
Earnings:
 
($ in millions)
Income from continuing operations before taxes
 
$
126.5

 
$
123.8

Add (deduct):
 
 
 
 
Equity in income of non-consolidated affiliates
 
(1.4
)
 
(0.8
)
Dividends received from non-consolidated affiliates
 
0.1

 
0.1

Capitalized interest
 
(1.0
)
 
(2.8
)
Fixed charges as described below
 
31.5

 
24.6

Total
 
$
155.7

 
$
144.9

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expensed and capitalized
 
$
19.8

 
$
15.1

Estimated interest factor in rent expense(1)
 
11.7

 
9.5

Total
 
$
31.5

 
$
24.6

 
 
 
 
 
Ratio of earnings to fixed charges
 
4.9

 
5.9


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