EX-12 2 ex12dec2016.htm RATIO OF EARNINGS TO FIXED CHARGES
EXHIBIT 12
CROWN HOLDINGS, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES

| Twelve months ended |  | Twelve months ended |
| 12/31/2016 |  | 12/31/2015 |
Computation of Earnings: |  |  |  |
Income before income taxes, minority interests and equity earnings | $769 |  | $639 |
Adjustments to income |  |  |  |
Add: Distributed income from less than 50% owned companies |  |  | — |
Add: Fixed charges as presented below | 270 |  | 290 |
Subtract: Interest capitalized | (9) |  | (2) |
Add: Amortization of interest previously capitalized | 3 |  | 2 |
Earnings | $1,033 |  | $929 |
Computation of fixed charges: |  |  |  |
Interest incurred | $227 |  | $253 |
Interest capitalized | 9 |  | 2 |
Amortization of debt related costs | 16 |  | 17 |
Portion of rental expense representative of interest (1) | 18 |  | 18 |
Total fixed charges | $270 |  | $290 |
Ratio of earnings to fixed charges | 3.8 |  | 3.2 |

(1) | One-third of net rent expense is the portion deemed representative of the interest factor.