EX-12 4 ex12dec2017.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 |
| 12/31/2017 |  | 12/31/2016 |
Computation of Earnings: |  |  |  |
Income before income taxes, minority interests and equity earnings | $829 |  | $769 |
Adjustments to income |  |  |  |
Add: Distributed income from less than 50% owned companies |  |  | — |
Add: Fixed charges as presented below | 278 |  | 270 |
Subtract: Interest capitalized | (9) |  | (9) |
Add: Amortization of interest previously capitalized | 3 |  | 3 |
Earnings | $1,101 |  | $1,033 |
Computation of fixed charges: |  |  |  |
Interest incurred | $241 |  | $227 |
Interest capitalized | 9 |  | 9 |
Amortization of debt related costs | 11 |  | 16 |
Portion of rental expense representative of interest (1) | 17 |  | 18 |
Total fixed charges | $278 |  | $270 |
Ratio of earnings to fixed charges | 4.0 |  | 3.8 |

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