EX-12 9 bll-20171231ex12c3571ab.htm EX-12 bll_Ex12

Exhibit 12

 

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.

 

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