Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Howmet Aerospace Inc. | d17884d10q.htm |
| EX-31 - EX-31 - Howmet Aerospace Inc. | d17884dex31.htm |
| EX-15 - EX-15 - Howmet Aerospace Inc. | d17884dex15.htm |
| EX-95 - EX-95 - Howmet Aerospace Inc. | d17884dex95.htm |
| EX-32 - EX-32 - Howmet Aerospace Inc. | d17884dex32.htm |
EXHIBIT 12
Alcoa and subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
| Nine months ended September 30, |
2015 | |||
| Earnings: |
||||
| Income before income taxes |
$ | 969 | ||
| Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity loss |
4 | |||
| Fixed charges added to earnings |
396 | |||
| Distributed income of less than 50 percent-owned persons |
133 | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
31 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| Total earnings |
$ | 1,533 | ||
|
|
|
|||
| Fixed Charges: |
||||
| Interest expense: |
||||
| Consolidated |
$ | 369 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 369 | |||
|
|
|
|||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 27 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 27 | |||
|
|
|
|||
| Fixed charges added to earnings |
$ | 396 | ||
|
|
|
|||
| Interest capitalized: |
||||
| Consolidated |
$ | 43 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 43 | |||
|
|
|
|||
| Preferred stock dividend requirements of majority-owned subsidiaries |
— | |||
|
|
|
|||
| Total fixed charges |
$ | 439 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
3.5 | |||
|
|
|
|||