Attached files
Exhibit 12
Alcoa and subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
| Six months ended June 30, |
2010 | |||
| Earnings: |
||||
| Income from continuing operations before income taxes |
$ | 140 | ||
| Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity income |
(37 | ) | ||
| Fixed charges added to earnings |
255 | |||
| Distributed income of less than 50 percent-owned persons |
18 | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
20 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
| Total earnings |
$ | 396 | ||
| Fixed Charges: |
||||
| Interest expense: |
||||
| Consolidated |
$ | 237 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
| $ | 237 | |||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 18 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
| $ | 18 | |||
| Fixed charges added to earnings |
$ | 255 | ||
| Interest capitalized: |
||||
| Consolidated |
$ | 45 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
| $ | 45 | |||
| Preferred stock dividend requirements of majority-owned subsidiaries |
— | |||
| Total fixed charges |
$ | 300 | ||
| Ratio of earnings to fixed charges |
1.3 | |||