Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PPG INDUSTRIES INC | ppgq3201610q.htm |
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppgq3201610qex322.htm |
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppgq3201610qex321.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppgq3201610qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppgq3201610qex311.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Nine Months Ended September 30 | Year Ended December 31 | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 674 | $ | 1,766 | $ | 1,239 | $ | 1,207 | $ | 800 | $ | 927 | |||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges exclusive of capitalized interest | 163 | 211 | 278 | 282 | 279 | 278 | |||||||||||||||||
Amortization of capitalized interest | 4 | 6 | 5 | 5 | 5 | 5 | |||||||||||||||||
Adjustments for equity affiliates | 2 | 77 | 5 | 9 | 12 | 19 | |||||||||||||||||
Total | $ | 843 | $ | 2,060 | $ | 1,527 | $ | 1,503 | $ | 1,096 | $ | 1,229 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense incl amortization of debt discount/premium and debt expense | $ | 95 | $ | 124 | $ | 186 | $ | 195 | $ | 209 | $ | 209 | |||||||||||
Rentals - portion representative of interest | 68 | 87 | 92 | 87 | 70 | 69 | |||||||||||||||||
Fixed charges exclusive of capitalized interest | 163 | 211 | 278 | 282 | 279 | 278 | |||||||||||||||||
Capitalized interest | 6 | 9 | 16 | 10 | 8 | 9 | |||||||||||||||||
Total | $ | 169 | $ | 220 | $ | 294 | $ | 292 | $ | 287 | $ | 287 | |||||||||||
Ratio of earnings to fixed charges | 5.0 | 9.4 | 5.2 | 5.1 | 3.8 | 4.3 | |||||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations