EX-12 7 bll-20161231ex12945ceb7.htm EX-12 bll_Ex12

Exhibit 12

 

Ball Corporation and Subsidiaries

Ratio of Earnings to Fixed Charges

 

($ in millions)

    

2016

    

2015

    

2014

    

2013

    

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before taxes

 

$
124 

 

$
346 

 

$
645 

 

$
583 

 

$
596 

 

Plus:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized (a)

 

 
349 

 

 
272 

 

 
198 

 

 
216 

 

 
201 

 

Interest expense within rent

 

 
18 

 

 
21 

 

 
26 

 

 
24 

 

 
23 

 

Amortization of capitalized interest

 

 
3 

 

 
4 

 

 
3 

 

 
5 

 

 
4 

 

Distributed income of equity investees

 

 
2 

 

 
2 

 

 
1 

 

 
2 

 

 
1 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

 
(11)

 

 
(13)

 

 
(5)

 

 
(4)

 

 
(6.0)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings

 

$
485 

 

$
632 

 

$
868 

 

$
826 

 

$
819 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges (b)

 

 
367 

 

 
293 

 

 
224 

 

 
239 

 

 
224 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

1.3x 

 

 

2.2x 

 

 

3.9x 

 

 

3.4x 

 

 

3.7x 

 

(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.

 

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