Attached files

file filename
10-Q - 10-Q - O-I Glass, Inc. /DE/oi-20150930x10q.htm
EX-32.1 - EX-32.1 - O-I Glass, Inc. /DE/oi-20150930ex32198fbe4.htm
EX-31.1 - EX-31.1 - O-I Glass, Inc. /DE/oi-20150930ex311c03716.htm
EX-4.4 - EX-4.4 - O-I Glass, Inc. /DE/oi-20150930ex44ee48c50.htm
EX-32.2 - EX-32.2 - O-I Glass, Inc. /DE/oi-20150930ex3225aa584.htm
EX-4.2 - EX-4.2 - O-I Glass, Inc. /DE/oi-20150930ex424c18f23.htm
EX-31.2 - EX-31.2 - O-I Glass, Inc. /DE/oi-20150930ex31235f044.htm

EXHIBIT 12

 

OWENS-ILLINOIS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

 

    

2015

    

2014

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

220 

 

$

404 

 

Less: Equity earnings

 

 

(46)

 

 

(48)

 

Add: Total fixed charges deducted from earnings

 

 

194 

 

 

165 

 

Dividends received from equity investees

 

 

13 

 

 

44 

 

 

 

 

 

 

 

 

 

Earnings available for payment of fixed charges

 

$

381 

 

$

565 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

192 

 

$

164 

 

Portion of operating lease rental deemed to be interest

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges deducted from earnings and fixed charges

 

$

194 

 

$

165 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

2.0 

 

 

3.4