EX-12 5 a2093372zex-12.htm EXHIBIT 12
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Exhibit 12


OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of dollars, except ratios)

 
  Nine months ended September 30,
 
 
  2002
  2001
 
Earnings before income taxes, and minority              
  share owners' interests   $ 410.1   $ 646.6  
Less:    Equity earnings     (19.8 )   (13.7 )
Add:    Total fixed charges deducted from earnings     323.4     345.2  
      Proportional share of pre-tax earnings (loss) of 50% owned associates     10.6     8.3  
      Dividends received from less than 50% owned associates     7.8     7.5  
   
 
 
      Earnings available for payment of fixed charges   $ 732.1   $ 993.9  
   
 
 
Fixed charges (including the Company's proportional share of 50% owned associates):              
      Interest expense   $ 297.3   $ 322.4  
      Portion of operating lease rental deemed to be interest     9.4     9.6  
      Amortization of deferred financing costs and debt discount expense     16.7     13.2  
   
 
 
      Total fixed charges deducted from earnings and fixed charges   $ 323.4   $ 345.2  
   
 
 
Ratio of earnings to fixed charges     2.26     2.88  



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OWENS-ILLINOIS GROUP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of dollars, except ratios)