EX-12 2 a11-25568_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, |
|  | 2011 |  | 2010 |
Earnings from continuing operations before income taxes |  | $ | 363 |  | $ | 505 |
Less: | Equity earnings |  | (52 | ) | (46 | )
Add: | Total fixed charges deducted from earnings |  | 250 |  | 182 |
| Dividends received from equity investees |  | 38 |  | 51 |
| Earnings available for payment of fixed charges |  | $ | 599 |  | $ | 692 |
Fixed charges |  |  |  |  |
| Interest expense |  | $ | 246 |  | $ | 177 |
| Portion of operating lease rental deemed to be interest |  | 4 |  | 5 |
| Total fixed charges deducted from earnings and fixed charges |  | $ | 250 |  | $ | 182 |
Ratio of earnings to fixed charges |  | 2.4 |  | 3.8 |