EX-12.1 3 fy2017q2exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Six Months Ended
| June 30, 2017
Income before income taxes and cumulative effect of change in accounting principle | $ | 34.4 |
Income recognized on less than fifty percent owned persons | (0.2 | )
Noncontrolling interest in the income of subsidiary with fixed charges | (6.9 | )
| $ | 27.3 |
Fixed Charges: |
Interest expense | $ | 65.8 |
Portion of rents deemed to be interest | 2.8 |
Capitalized interest | 1.5 |
Amortization of debt expense | 2.7 |
Fixed charges excluding capitalized interest | 72.8 |
Earnings adjustments: |
Capitalized interest | (1.5 | )
Earnings, as adjusted | $ | 98.6 |
Ratio of earnings to fixed charges | 1.4 |