EX-12 2 a12-13422_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, |
|  | 2012 |  | 2011 |
Earnings from continuing operations before income taxes |  | $ | 349 |  | $ | 225 |
Less: Equity earnings |  | (31 | ) | (33 | )
Add: Total fixed charges deducted from earnings |  | 129 |  | 179 |
Dividends received from equity investees |  | 27 |  | 24 |
Earnings available for payment of fixed charges |  | $ | 474 |  | $ | 395 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 126 |  | $ | 176 |
Portion of operating lease rental deemed to be interest |  | 3 |  | 3 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 129 |  | $ | 179 |
Ratio of earnings to fixed charges |  | 3.7 |  | 2.2 |