EX-12 2 a14-6455_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, |
|  | 2014 |  | 2013 |
Earnings from continuing operations before income taxes |  | $ | 134 |  | $ | 117 |
Less: | Equity earnings |  | (16 | ) | (17 | )
Add: | Total fixed charges deducted from earnings |  | 56 |  | 72 |
Dividends received from equity investees |  | 14 |  | 15 |
Earnings available for payment of fixed charges |  | $ | 188 |  | $ | 187 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 55 |  | $ | 71 |
Portion of operating lease rental deemed to be interest |  | 1 |  | 1 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 56 |  | $ | 72 |
Ratio of earnings to fixed charges |  | 3.4 |  | 2.6 |