EX-12 2 a12-18930_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, |
|  | 2012 |  | 2011 |
Earnings from continuing operations before income taxes |  | $ | 476 |  | $ | 373 |
Less: Equity earnings |  | (47 | ) | (52 | )
Add: Total fixed charges deducted from earnings |  | 191 |  | 250 |
Dividends received from equity investees |  | 41 |  | 38 |
Earnings available for payment of fixed charges |  | $ | 661 |  | $ | 609 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 187 |  | $ | 246 |
Portion of operating lease rental deemed to be interest |  | 4 |  | 4 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 191 |  | $ | 250 |
Ratio of earnings to fixed charges |  | 3.5 |  | 2.4 |

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