EX-12 2 a12-7097_1ex12.htm EX-12

EXHIBIT 12

OWENS-ILLINOIS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

|  | Three months ended March 31, |
|  | 2012 |  | 2011 |
Earnings from continuing operations before income taxes |  | $ | 170 |  | $ | 115 |
Less: Equity earnings |  | (13 | ) | (14 | )
Add: Total fixed charges deducted from earnings |  | 65 |  | 77 |
Dividends received from equity investees |  | 6 |  | 5 |
Earnings available for payment of fixed charges |  | $ | 228 |  | $ | 183 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 64 |  | $ | 76 |
Portion of operating lease rental deemed to be interest |  | 1 |  | 1 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 65 |  | $ | 77 |
Ratio of earnings to fixed charges |  | 3.5 |  | 2.4 |