Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppg201610kex311-officercer.htm |
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppg201610kex322-906certifi.htm |
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppg201610kex321-906certifi.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppg201610kex312-officercer.htm |
| EX-24 - EXHIBIT 24 - PPG INDUSTRIES INC | ppg201610kex24-powerofatto.htm |
| EX-23 - EXHIBIT 23 - PPG INDUSTRIES INC | ppg201610kex23-consentofin.htm |
| EX-21 - EXHIBIT 21 - PPG INDUSTRIES INC | ppg201610kex21-subsidiarie.htm |
| EX-13.2 - EXHIBIT 13.2 - PPG INDUSTRIES INC | ppg201610kex132-selectedfi.htm |
| EX-13.1 - EXHIBIT 13.1 - PPG INDUSTRIES INC | ppg201610kex131-marketinfo.htm |
| 10-K - 10-K - PPG INDUSTRIES INC | ppg201610k.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Year ended December 31 | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 811 | $ | 1,766 | $ | 1,239 | $ | 1,207 | $ | 800 | |||||||||
Plus: | |||||||||||||||||||
Fixed charges exclusive of capitalized interest | 215 | 211 | 278 | 282 | 279 | ||||||||||||||
Amortization of capitalized interest | 6 | 6 | 5 | 5 | 5 | ||||||||||||||
Adjustments for equity affiliates | 7 | 77 | 5 | 9 | 12 | ||||||||||||||
Total | $ | 1,039 | $ | 2,060 | $ | 1,527 | $ | 1,503 | $ | 1,096 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense including amortization of debt discount/premium and debt expense | $ | 125 | $ | 124 | $ | 186 | $ | 195 | $ | 209 | |||||||||
Rentals - portion representative of interest | 90 | 87 | 92 | 87 | 70 | ||||||||||||||
Fixed charges exclusive of capitalized interest | 215 | 211 | 278 | 282 | 279 | ||||||||||||||
Capitalized interest | 8 | 9 | 16 | 10 | 8 | ||||||||||||||
Total | $ | 223 | $ | 220 | $ | 294 | $ | 292 | $ | 287 | |||||||||
Ratio of earnings to fixed charges | 4.7 | 9.4 | 5.2 | 5.1 | 3.8 | ||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations.