Attached files
file | filename |
---|---|
10-Q - 10-Q - TIMKEN CO | tkr10-q63017.htm |
EX-32 - EXHIBIT 32 - TIMKEN CO | tkr63017exhibit32.htm |
EX-31.2 - EXHIBIT 31.2 - TIMKEN CO | tkr63017exhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - TIMKEN CO | tkr63017exhibit311.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Six Months Ended June 30, | ||||||
2017 | 2016 | |||||
Income before income taxes | $ | 127.5 | $ | 164.6 | ||
Share of undistributed income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt | (0.4 | ) | (0.4 | ) | ||
Amortization of capitalized interest | 0.3 | 0.3 | ||||
Interest expense | 16.4 | 17.1 | ||||
Interest portion of rental expense | 1.8 | 2.4 | ||||
Earnings | $ | 145.6 | $ | 184.0 | ||
Interest | 16.7 | 17.5 | ||||
Interest portion of rental expense | 1.8 | 2.4 | ||||
Fixed Charges | $ | 18.5 | $ | 19.9 | ||
Ratio of Earnings to Fixed Charges | 7.87 | 9.25 |