EX-12 2 a13-19279_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, |
|  | 2013 |  | 2012 |
Earnings from continuing operations before income taxes |  | $ | 472 |  | $ | 476 |
Less: Equity earnings |  | (49 | ) | (47 | )
Add: Total fixed charges deducted from earnings |  | 187 |  | 191 |
Dividends received from equity investees |  | 52 |  | 41 |
Earnings available for payment of fixed charges |  | $ | 662 |  | $ | 661 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 184 |  | $ | 187 |
Portion of operating lease rental deemed to be interest |  | 3 |  | 4 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 187 |  | $ | 191 |
Ratio of earnings to fixed charges |  | 3.5 |  | 3.5 |