Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppg331201510qex321.htm |
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppg331201510qex311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - PPG INDUSTRIES INC | Financial_Report.xls |
| 10-Q - 10-Q - PPG INDUSTRIES INC | ppg331201510q.htm |
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppg331201510qex322.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppg331201510qex312.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Three Months Ended March 31 | Year Ended December 31 | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 422 | $ | 1,308 | $ | 1,229 | $ | 814 | $ | 936 | $ | 778 | |||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges exclusive of capitalized interest | 51 | 280 | 284 | 281 | 280 | 263 | |||||||||||||||||
Amortization of capitalized interest | 2 | 6 | 6 | 6 | 6 | 6 | |||||||||||||||||
Adjustments for equity affiliates | — | 5 | 9 | 12 | 19 | 6 | |||||||||||||||||
Total | $ | 475 | $ | 1,599 | $ | 1,528 | $ | 1,113 | $ | 1,241 | $ | 1,053 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense incl amortization of debt discount/premium and debt expense | $ | 29 | $ | 187 | $ | 197 | $ | 210 | $ | 210 | $ | 189 | |||||||||||
Rentals - portion representative of interest | 22 | 93 | 87 | 71 | 70 | 74 | |||||||||||||||||
Fixed charges exclusive of capitalized interest | 51 | 280 | 284 | 281 | 280 | 263 | |||||||||||||||||
Capitalized interest | 4 | 16 | 10 | 8 | 9 | 7 | |||||||||||||||||
Total | $ | 55 | $ | 296 | $ | 294 | $ | 289 | $ | 289 | $ | 270 | |||||||||||
Ratio of earnings to fixed charges | 8.6 | 5.4 | 5.2 | 3.9 | 4.3 | 3.9 | |||||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations