EX-12 4 ex12dec2017.htm RATIO OF EARNINGS TO FIXED CHARGES

Exhibit

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.