EX-12.1 5 a2234716zex-12_1.htm EX-12.1

Exhibit 12.1

 

Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges

 

($ in millions)

 

2017

 

2016

 

2015

 

2014

 

2013

 

Earnings before taxes

 

$

514

 

$

124

 

$

346

 

$

645

 

$

583

 

Plus:

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized (a)

 

297

 

349

 

272

 

198

 

216

 

Interest expense within rent

 

24

 

18

 

21

 

26

 

24

 

Amortization of capitalized interest

 

3

 

3

 

4

 

3

 

5

 

Distributed income of equity investees

 

4

 

2

 

2

 

1

 

2

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(9

)

(11

)

(13

)

(5

)

(4

)

Adjusted earnings

 

$

833

 

$

485

 

$

632

 

$

868

 

$

826

 

Fixed charges (b)

 

322

 

367

 

293

 

224

 

239

 

Ratio of earnings to fixed charges

 

2.6x

 

1.3x

 

2.2x

 

3.9x

 

3.4x

 

 


(a)           Amounts do not include interest for unrecognized tax benefits related to uncertain tax positions.

(b)           Fixed charges include interest expensed and capitalized as well as interest expense within rent.