EX-12.1 2 fy2018q3exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Nine Months Ended
| September 30, 2018
Income before income taxes | $ | 208.5 |
Income recognized on less than fifty percent owned persons | (2.5 | )
Noncontrolling interest in the income of subsidiary with fixed charges | (10.4 | )
| $ | 195.6 |
Fixed Charges: |
Interest expense | $ | 73.7 |
Portion of rents deemed to be interest | 6.0 |
Capitalized interest | 3.5 |
Amortization of debt expense | 2.7 |
Fixed charges excluding capitalized interest | 85.9 |
Earnings adjustments: |
Capitalized interest | (3.5 | )
Earnings, as adjusted | $ | 278.0 |
Ratio of earnings to fixed charges | 3.2 |