EX-12 2 a11-12031_1ex12.htm EX-12

Exhibit 12

OWENS-ILLINOIS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

|  | Six months ended June 30, |
|  | 2011 |  | 2010 |
Earnings from continuing operations before income taxes |  | $ | 215 |  | $ | 317 |
Less: Equity earnings |  | (33 | ) | (26 | )
Add: Total fixed charges deducted from earnings |  | 179 |  | 119 |
Dividends received from equity investees |  | 24 |  | 38 |
Earnings available for payment of fixed charges |  | $ | 385 |  | $ | 448 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 176 |  | $ | 116 |
Portion of operating lease rental deemed to be interest |  | 3 |  | 3 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 179 |  | $ | 119 |
Ratio of earnings to fixed charges |  | 2.2 |  | 3.8 |