EX-12 2 oln-ex12_2014630xq2.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) OLN-Ex12_2014.6.30-Q2


Exhibit 12

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

 
 
Six Months Ended
June 30,
 
 
2014
 
2013
Earnings:
 
($ in millions)
Income from continuing operations before taxes
 
$
103.0

 
$
126.5

Add (deduct):
 
 
 
 
Earnings of non-consolidated affiliates
 
(0.9
)
 
(1.4
)
Distributions from affiliated companies
 
—

 
0.1

Capitalized interest
 
(0.1
)
 
(1.0
)
Fixed charges as described below
 
30.9

 
31.5

Total
 
$
132.9

 
$
155.7

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expensed and capitalized
 
$
19.4

 
$
19.8

Estimated interest factor in rent expense(1)
 
11.5

 
11.7

Total
 
$
30.9

 
$
31.5

 
 
 
 
 
Ratio of earnings to fixed charges
 
4.3

 
4.9


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