EX-12 2 a11-5248_1ex12.htm EX-12

Exhibit 12

 

OWENS-ILLINOIS GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 (Dollars in millions)

 

 

 

Three months ended March 31,

 

 

 

2011

 

2010

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

105

 

$

123

 

Less:   Equity earnings

 

(14

)

(13

)

Add:   Total fixed charges deducted from earnings

 

77

 

58

 

Dividends received from equity investees

 

5

 

18

 

 

 

 

 

 

 

Earnings available for payment of fixed charges

 

$

173

 

$

186

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

76

 

$

56

 

Portion of operating lease rental deemed to be interest

 

1

 

2

 

 

 

 

 

 

 

Total fixed charges deducted from earnings and fixed charges

 

$

77

 

$

58

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.2

 

3.2