EX-12 2 a15-6825_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,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

100

 

$

134

 

Less:

Equity earnings

 

(15

)

(16

)

Add:

Total fixed charges deducted from earnings

 

50

 

56

 

 

Dividends received from equity investees

 

 

 

14

 

 

 

 

 

 

 

 

 

Earnings available for payment of fixed charges

 

$

135

 

$

188

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

49

 

$

55

 

 

Portion of operating lease rental deemed to be interest

 

1

 

1

 

 

 

 

 

 

 

 

 

Total fixed charges deducted from earnings and fixed charges

 

$

50

 

$

56

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.7

 

3.4