Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | a10-5899_110q.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | a10-5899_1ex31d1.htm |
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | a10-5899_1ex32d2.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | a10-5899_1ex32d1.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | a10-5899_1ex31d2.htm |
Exhibit 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Three months ended March 31, |
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2010 |
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2009 |
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Earnings from continuing operations before income taxes |
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$ |
128.6 |
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$ |
90.0 |
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Less: Equity earnings |
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(12.5 |
) |
(13.6 |
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Add: Total fixed charges deducted from earnings |
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57.9 |
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49.6 |
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Proportional share of pre-tax earnings of 50% owned associates |
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6.8 |
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3.4 |
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Dividends received from equity investees |
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18.0 |
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6.9 |
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Earnings available for payment of fixed charges |
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$ |
198.8 |
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$ |
136.3 |
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Fixed charges (including the Company’s proportional share of 50% owned associates): |
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Interest expense |
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$ |
53.4 |
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$ |
45.7 |
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Portion of operating lease rental deemed to be interest |
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1.6 |
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1.5 |
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Amortization of deferred financing costs and debt discount expense |
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2.9 |
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2.4 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
57.9 |
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$ |
49.6 |
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Ratio of earnings to fixed charges |
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3.4 |
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2.7 |
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