EX-12 2 a14-13845_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, |
|  | 2014 |  | 2013 |
Earnings from continuing operations before income taxes |  | $ | 313 |  | $ | 294 |
Less: | Equity earnings |  | (35 | ) | (33 | )
Add: | Total fixed charges deducted from earnings |  | 112 |  | 131 |
| Dividends received from equity investees |  | 33 |  | 36 |
| Earnings available for payment of fixed charges |  | $ | 423 |  | $ | 428 |
Fixed charges |  |  |  |  |
| Interest expense |  | $ | 111 |  | $ | 128 |
| Portion of operating lease rental deemed to be interest |  | 1 |  | 3 |
| Total fixed charges deducted from earnings and fixed charges |  | $ | 112 |  | $ | 131 |
Ratio of earnings to fixed charges |  | 3.8 |  | 3.3 |