Attached files

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EX-31.1 - EX-31.1 - O-I Glass, Inc. /DE/oi-20160331ex311652ba3.htm
EX-32.2 - EX-32.2 - O-I Glass, Inc. /DE/oi-20160331ex32294c1e5.htm
EX-31.2 - EX-31.2 - O-I Glass, Inc. /DE/oi-20160331ex312cbf16c.htm
EX-32.1 - EX-32.1 - O-I Glass, Inc. /DE/oi-20160331ex321e4aecb.htm
10-Q - 10-Q - O-I Glass, Inc. /DE/oi-20160331x10q.htm

EXHIBIT 12

 

OWENS-ILLINOIS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

    

2015

    

2014

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

101 

 

$

100 

 

Less: Equity earnings

 

 

(14)

 

 

(15)

 

Add: Total fixed charges deducted from earnings

 

 

69 

 

 

50 

 

 

 

 

 

 

 

 

 

Earnings available for payment of fixed charges

 

$

156 

 

$

135 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

68 

 

$

49 

 

Portion of operating lease rental deemed to be interest

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges deducted from earnings and fixed charges

 

$

69 

 

$

50 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

2.3 

 

 

2.7