Attached files
| file | filename |
|---|---|
| 10-K - 10-K - PPG INDUSTRIES INC | ppg-20151231x10k.htm |
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppg1231201510kex321-906cer.htm |
| EX-21 - EXHIBIT 21 - PPG INDUSTRIES INC | ppg1231201510kex21-subsidi.htm |
| EX-23 - EXHIBIT 23 - PPG INDUSTRIES INC | ppg1231201510kex23-consent.htm |
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppg1231201510kex311-office.htm |
| EX-13.1 - EXHIBIT 13.1 - PPG INDUSTRIES INC | ppg1231201510kex131-market.htm |
| EX-13.2 - EXHIBIT 13.2 - PPG INDUSTRIES INC | ppg1231201510kex132-select.htm |
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppg1231201510kex322-906cer.htm |
| EX-24 - EXHIBIT 24 - PPG INDUSTRIES INC | ppg1231201510kex24-powerof.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppg1231201510kex312-office.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Year ended December 31 | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 1,865 | $ | 1,308 | $ | 1,229 | $ | 814 | $ | 936 | |||||||||
Plus: | |||||||||||||||||||
Fixed charges exclusive of capitalized interest | 213 | 280 | 284 | 281 | 280 | ||||||||||||||
Amortization of capitalized interest | 6 | 6 | 6 | 6 | 6 | ||||||||||||||
Adjustments for equity affiliates | 77 | 5 | 9 | 12 | 19 | ||||||||||||||
Total | $ | 2,161 | $ | 1,599 | $ | 1,528 | $ | 1,113 | $ | 1,241 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense including amortization of debt discount/premium and debt expense | $ | 126 | $ | 187 | $ | 197 | $ | 210 | $ | 210 | |||||||||
Rentals - portion representative of interest | 87 | 93 | 87 | 71 | 70 | ||||||||||||||
Fixed charges exclusive of capitalized interest | 213 | 280 | 284 | 281 | 280 | ||||||||||||||
Capitalized interest | 9 | 16 | 10 | 8 | 9 | ||||||||||||||
Total | $ | 222 | $ | 296 | $ | 294 | $ | 289 | $ | 289 | |||||||||
Ratio of earnings to fixed charges | 9.7 | 5.4 | 5.2 | 3.9 | 4.3 | ||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations.