EX-12 2 oi-20160331ex12245f608.htm EX-12

EXHIBIT 12

OWENS-ILLINOIS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

|  | Three months ended March 31, |
|  | 2015 |  | 2014 |
Earnings from continuing operations before income taxes |  | $ | 101 |  | $ | 100 |
Less: Equity earnings |  |  | (14) |  |  | (15) |
Add: Total fixed charges deducted from earnings |  |  | 69 |  |  | 50 |
Earnings available for payment of fixed charges |  | $ | 156 |  | $ | 135 |
Fixed charges |  |  |  |  |  |  |
Interest expense |  | $ | 68 |  | $ | 49 |
Portion of operating lease rental deemed to be interest |  |  | 1 |  |  | 1 |
Total fixed charges deducted from earnings and fixed charges |  | $ | 69 |  | $ | 50 |
Ratio of earnings to fixed charges |  |  | 2.3 |  |  | 2.7 |