EX-12 15 a2222936zex-12.htm EX-12
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 12

MASCO CORPORATION
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

|  | (Dollars in Millions) |
--- | --- | --- | ---
|  | Year Ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |  | 2011 |  | 2010 |
Earnings Before Income Taxes, Preferred Stock Dividends and Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  | $ | 575 |  | $ | 450 |  | $ | 73 |  | $ | (383 | ) | $ | (745 | )
Deduct equity in undistributed loss (earnings) of fifty-percent-or-less-owned companies |  |  | 2 |  |  | (16 | ) |  | — |  |  | (9 | ) |  | — |
Add interest on indebtedness, net |  |  | 221 |  |  | 230 |  |  | 249 |  |  | 250 |  |  | 249 |
Add amortization of debt expense |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 7 |  |  | 7 |
Add estimated interest factor for rentals |  |  | 33 |  |  | 31 |  |  | 31 |  |  | 33 |  |  | 36 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) before income taxes, noncontrolling interest, fixed charges and preferred stock dividends |  | $ | 836 |  | $ | 701 |  | $ | 360 |  | $ | (102 | ) | $ | (453 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on indebtedness |  | $ | 221 |  | $ | 229 |  | $ | 248 |  | $ | 249 |  | $ | 246 |
Amortization of debt expense |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 7 |  |  | 7 |
Estimated interest factor for rentals |  |  | 33 |  |  | 31 |  |  | 31 |  |  | 33 |  |  | 36 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total fixed charges |  | $ | 259 |  | $ | 266 |  | $ | 286 |  | $ | 289 |  | $ | 289 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Preferred stock dividends (a) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combined fixed charges and preferred stock dividends |  | $ | 259 |  | $ | 266 |  | $ | 286 |  | $ | 289 |  | $ | 289 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ratio of earnings to fixed charges |  |  | 3.2 |  |  | 2.6 |  |  | 1.3 |  |  | (0.4 | ) |  | (1.6 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ratio of earnings to combined fixed charges and preferred stock dividends |  |  | 3.2 |  |  | 2.6 |  |  | 1.3 |  |  | (0.4 | ) |  | (1.6 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ratio of earnings to combined fixed charges and preferred stock dividends excluding certain items (b) |  |  | 3.2 |  |  | 2.6 |  |  | 1.7 |  |  | 1.2 |  |  | 1.0 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

(a)
  Represents amount of income before provision for income taxes required to meet the preferred stock dividend requirements of the Company.
(b)
  Excludes the 2014 litigation settlement income of $9 million; the 2012 non-cash, pre-tax impairment charge for other intangible assets of $42 million and litigation expense of $77 million; the 2011 non-cash, pre-tax impairment charge for goodwill and other intangible assets of $450 million and litigation expense of $9 million; the 2010 non-cash, pre-tax impairment charge for goodwill and other intangible assets of $698 million and non-cash, pre-tax impairment charge for financial investments of $34 million.

QuickLinks

Exhibit 12

MASCO CORPORATION Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends