Attached files
| file | filename |
|---|---|
| 8-K - 8-K - NEWELL BRANDS INC. | d157602d8k.htm |
| EX-23.1 - EX-23.1 - NEWELL BRANDS INC. | d157602dex231.htm |
| EX-99.1 - EX-99.1 - NEWELL BRANDS INC. | d157602dex991.htm |
| EX-99.3 - EX-99.3 - NEWELL BRANDS INC. | d157602dex993.htm |
| EX-99.2 - EX-99.2 - NEWELL BRANDS INC. | d157602dex992.htm |
Exhibit 99.4
UNAUDITED PRO FORMA COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| (dollars in millions) | Pro Forma Year Ended December 31, |
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| 2015 | ||||
| Earnings Available for Fixed Charges: |
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| Income before income taxes |
$ | 287 | ||
| Equity in earnings of affiliates |
(3 | ) | ||
|
|
|
|||
| Total earnings |
284 | |||
| Fixed charges: |
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| Interest expense(1) |
504 | |||
| Portion of rent determined to be interest(2) |
85 | |||
|
|
|
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| $ | 873 | |||
|
|
|
|||
| Fixed Charges: |
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| Interest expensed and capitalized |
$ | 505 | ||
| Portion of rent determined to be interest(2) |
85 | |||
|
|
|
|||
| $ | 590 | |||
|
|
|
|||
| Pro Forma Ratio of Earnings to Fixed Charges |
1.48 | |||
| (1) | Excludes interest capitalized during the year. |
| (2) | A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases. |