Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppgq2201710qex322.htm |
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppgq2201710qex321.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppgq2201710qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppgq2201710qex311.htm |
| 10-Q - 10-Q - PPG INDUSTRIES INC | ppgq2201710q.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Six Months Ended June 30 | Year Ended December 31 | ||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 1,104 | $ | 773 | $ | 1,735 | $ | 1,216 | $ | 1,177 | $ | 764 | |||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges exclusive of capitalized interest | 97 | 215 | 210 | 278 | 280 | 277 | |||||||||||||||||
Amortization of capitalized interest | 3 | 5 | 5 | 5 | 4 | 5 | |||||||||||||||||
Adjustments for equity affiliates | 8 | 2 | 73 | 5 | 1 | — | |||||||||||||||||
Total | $ | 1,212 | $ | 995 | $ | 2,023 | $ | 1,504 | $ | 1,462 | $ | 1,046 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense including amortization of debt discount/premium and debt expense | $ | 51 | $ | 125 | $ | 125 | $ | 187 | $ | 196 | $ | 210 | |||||||||||
Rentals - portion representative of interest | 46 | 90 | 85 | 91 | 84 | 67 | |||||||||||||||||
Fixed charges exclusive of capitalized interest | 97 | 215 | 210 | 278 | 280 | 277 | |||||||||||||||||
Capitalized interest | 4 | 8 | 9 | 16 | 10 | 8 | |||||||||||||||||
Total | $ | 101 | $ | 223 | $ | 219 | $ | 294 | $ | 290 | $ | 285 | |||||||||||
Ratio of earnings to fixed charges | 12.0 | 4.5 | 9.2 | 5.1 | 5.0 | 3.7 | |||||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations.