EX-12 2 a13-7852_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, |
|  | 2013 |  | 2012 |
Earnings from continuing operations before income taxes |  | $ | 117 |  | $ | 170 |
Less: | Equity earnings |  | (17 | ) | (13 | )
Add: | Total fixed charges deducted from earnings |  | 72 |  | 65 |
| Dividends received from equity investees |  | 15 |  | 6 |
| Earnings available for payment of fixed charges |  | $ | 187 |  | $ | 228 |
Fixed charges |  |  |  |  |
| Interest expense |  | $ | 71 |  | $ | 64 |
| Portion of operating lease rental deemed to be interest |  | 1 |  | 1 |
| Total fixed charges deducted from earnings and fixed charges |  | $ | 72 |  | $ | 65 |
Ratio of earnings to fixed charges |  | 2.6 |  | 3.5 |