Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - O-I Glass, Inc. /DE/ | oi-20160930x10q.htm |
| EX-32.2 - EX-32.2 - O-I Glass, Inc. /DE/ | oi-20160930ex322bdb9cf.htm |
| EX-32.1 - EX-32.1 - O-I Glass, Inc. /DE/ | oi-20160930ex3216fa2c9.htm |
| EX-31.2 - EX-31.2 - O-I Glass, Inc. /DE/ | oi-20160930ex312d62446.htm |
| EX-31.1 - EX-31.1 - O-I Glass, Inc. /DE/ | oi-20160930ex31122d889.htm |
EXHIBIT 12
OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Nine months ended September 30, |
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2016 |
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2015 |
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Earnings from continuing operations before income taxes |
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$ |
395 |
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$ |
220 |
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Less: Equity earnings |
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(44) |
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(46) |
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Add: Total fixed charges deducted from earnings |
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208 |
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197 |
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Dividends received from equity investees |
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30 |
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44 |
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Earnings available for payment of fixed charges |
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$ |
589 |
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$ |
415 |
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Fixed charges |
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Interest expense |
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$ |
204 |
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$ |
192 |
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Portion of operating lease rental deemed to be interest |
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4 |
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5 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
208 |
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$ |
197 |
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Ratio of earnings to fixed charges |
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2.8 |
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2.1 |
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