EX-12 2 a14-18693_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, |
|  | 2014 |  | 2013 |
Earnings from continuing operations before income taxes |  | $ | 404 |  | $ | 472 |
Less: Equity earnings |  | (48 | ) | (49 | )
Add: Total fixed charges deducted from earnings |  | 165 |  | 187 |
Dividends received from equity investees |  | 44 |  | 52 |
Earnings available for payment of fixed charges |  | $ | 565 |  | $ | 662 |
Fixed charges |  |  |  |  |
Interest expense |  | $ | 164 |  | $ | 184 |
Portion of operating lease rental deemed to be interest |  | 1 |  | 3 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 165 |  | $ | 187 |
Ratio of earnings to fixed charges |  | 3.4 |  | 3.5 |