EX-12 2 a10-17236_1ex12.htm EX-12

Exhibit 12

OWENS-ILLINOIS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

|  | Nine months ended September 30, |
|  | 2010 |  | 2009 |
Earnings from continuing operations before income taxes |  | $ | 546.2 |  | $ | 494.8 |
Less: Equity earnings |  | (45.5 | ) | (39.6 | )
Add: Total fixed charges deducted from earnings |  | 181.3 |  | 169.0 |
Dividends received from equity investees |  | 50.4 |  | 24.1 |
Earnings available for payment of fixed charges |  | $ | 732.4 |  | $ | 648.3 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 176.6 |  | $ | 164.6 |
Portion of operating lease rental deemed to be interest |  | 4.7 |  | 4.4 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 181.3 |  | $ | 169.0 |
Ratio of earnings to fixed charges |  | 4.0 |  | 3.8 |