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EXHIBIT 12
COCA-COLA ENTERPRISES, INC.
EARNINGS TO FIXED CHARGES
(in millions; except ratios)
First Quarter | |||||||
2015 | 2014 | ||||||
Computation of Earnings: | |||||||
Income before income taxes | $ | 130 | $ | 155 | |||
Add: | |||||||
Interest expense | 30 | 28 | |||||
Amortization of debt premium/discount and expenses | 1 | 1 | |||||
Interest portion of rent expense | 6 | 6 | |||||
Earnings as adjusted | $ | 167 | $ | 190 | |||
Computation of Fixed Charges: | |||||||
Interest expense | $ | 30 | $ | 28 | |||
Amortization of debt premium/discount and expenses | 1 | 1 | |||||
Interest portion of rent expense | 6 | 6 | |||||
Fixed charges | $ | 37 | $ | 35 | |||
Ratio of Earnings to Fixed Charges(A) | 4.57 | 5.42 |
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(A) | Ratios were calculated prior to rounding to millions. |