Attached files
Exhibit 12
Alcoa and subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
| Three months ended March 31, |
2010 | |||
| Earnings: |
||||
| Loss from continuing operations before income taxes |
$ | (88 | ) | |
| Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity income |
(22 | ) | ||
| Fixed charges added to earnings |
127 | |||
| Distributed income of less than 50 percent-owned persons |
7 | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
10 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
| Total earnings |
$ | 34 | ||
| Fixed Charges: |
||||
| Interest expense: |
||||
| Consolidated |
$ | 118 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
| $ | 118 | |||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 9 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
| $ | 9 | |||
| Fixed charges added to earnings |
$ | 127 | ||
| Interest capitalized: |
||||
| Consolidated |
$ | 23 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
| $ | 23 | |||
| Preferred stock dividend requirements of majority-owned subsidiaries |
— | |||
| Total fixed charges |
$ | 150 | ||
| Ratio of earnings to fixed charges |
(A | ) | ||
| (A) | For the three months ended March 31, 2010, there was a deficiency in earnings of $116 to cover total fixed charges. |