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