Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Howmet Aerospace Inc. | d209057d10q.htm |
| EX-95 - EX-95 - Howmet Aerospace Inc. | d209057dex95.htm |
| EX-32 - EX-32 - Howmet Aerospace Inc. | d209057dex32.htm |
| EX-31 - EX-31 - Howmet Aerospace Inc. | d209057dex31.htm |
| EX-15 - EX-15 - Howmet Aerospace Inc. | d209057dex15.htm |
| EX-10.(E) - EX-10(E) - Howmet Aerospace Inc. | d209057dex10e.htm |
| EX-10.(D) - EX-10(D) - Howmet Aerospace Inc. | d209057dex10d.htm |
| EX-10.(C) - EX-10(C) - Howmet Aerospace Inc. | d209057dex10c.htm |
Exhibit 12
Alcoa and subsidiaries
Computations of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(in millions, except ratios)
| Six months ended June 30, |
2016 | |||
| Earnings: |
||||
| Income before income taxes |
$ | 371 | ||
| Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges |
— | |||
| Equity income |
(31 | ) | ||
| Fixed charges added to earnings |
273 | |||
| Distributed income of less than 50 percent-owned persons |
51 | |||
| Amortization of capitalized interest: |
||||
| Consolidated |
20 | |||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| Total earnings |
$ | 684 | ||
|
|
|
|||
| Fixed Charges: |
||||
| Interest expense: |
||||
| Consolidated |
$ | 256 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 256 | |||
|
|
|
|||
| Amount representative of the interest factor in rents: |
||||
| Consolidated |
$ | 17 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 17 | |||
|
|
|
|||
| Fixed charges added to earnings |
$ | 273 | ||
|
|
|
|||
| Interest capitalized: |
||||
| Consolidated |
$ | 25 | ||
| Proportionate share of 50 percent-owned persons |
— | |||
|
|
|
|||
| $ | 25 | |||
|
|
|
|||
| Preferred stock dividend requirements of majority-owned subsidiaries |
$ | — | ||
|
|
|
|||
| Total fixed charges |
$ | 298 | ||
|
|
|
|||
| Pretax earnings required to pay preferred stock dividends* |
$ | 53 | ||
|
|
|
|||
| Combined total fixed charges and preferred stock dividends |
$ | 351 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
2.3 | |||
|
|
|
|||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
1.9 | |||
|
|
|
|||
| * | Based on a U.S. statutory tax rate of 35% |