Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - PPG INDUSTRIES INC | Financial_Report.xls |
| 10-Q - FORM 10-Q - PPG INDUSTRIES INC | d10q.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - PPG INDUSTRIES INC | dex311.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - PPG INDUSTRIES INC | dex322.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - PPG INDUSTRIES INC | dex312.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - PPG INDUSTRIES INC | dex321.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Three months ended | Year Ended December 31 | |||||||||||||||||
| March 31, 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||
| Earnings: |
||||||||||||||||||
| Earnings before income taxes and net earnings in equity affiliates |
$ | 199 | $ | 620 | $ | 904 | $ | 1,282 | $ | 1,018 | $ | 967 | ||||||
| Plus: |
||||||||||||||||||
| Fixed charges exclusive of capitalized interest |
64 | 273 | 343 | 156 | 137 | 129 | ||||||||||||
| Amortization of capitalized interest |
2 | 7 | 7 | 7 | 8 | 9 | ||||||||||||
| Adjustments for equity affiliates |
— | 11 | 18 | 21 | 16 | 20 | ||||||||||||
| Total |
$ | 265 | $ | 911 | $ | 1,272 | $ | 1,466 | $ | 1,179 | $ | 1,125 | ||||||
| Fixed Charges: |
||||||||||||||||||
| Interest expense including amortization of debt discount/premium and debt expense |
$ | 45 | $ | 193 | $ | 254 | $ | 93 | $ | 83 | $ | 81 | ||||||
| Rentals - portion representative of interest |
19 | 80 | 89 | 63 | 54 | 48 | ||||||||||||
| Fixed charges exclusive of capitalized interest |
64 | 273 | 343 | 156 | 137 | 129 | ||||||||||||
| Capitalized interest |
2 | 9 | 8 | 11 | 7 | 5 | ||||||||||||
| Total |
$ | 66 | $ | 282 | $ | 351 | $ | 167 | $ | 144 | $ | 134 | ||||||
| Ratio of earnings to fixed charges |
4.0 | 3.2 | 3.6 | 8.8 | 8.2 | 8.4 | ||||||||||||