Attached files
| file | filename |
|---|---|
| 10-K - 10-K - O-I Glass, Inc. /DE/ | oi-20171231x10k.htm |
| EX-32.2 - EX-32.2 - O-I Glass, Inc. /DE/ | oi-20171231ex322311de6.htm |
| EX-32.1 - EX-32.1 - O-I Glass, Inc. /DE/ | oi-20171231ex3219c3f54.htm |
| EX-31.2 - EX-31.2 - O-I Glass, Inc. /DE/ | oi-20171231ex3121ff84c.htm |
| EX-31.1 - EX-31.1 - O-I Glass, Inc. /DE/ | oi-20171231ex3117004eb.htm |
| EX-24 - EX-24 - O-I Glass, Inc. /DE/ | oi-20171231xex24.htm |
| EX-23 - EX-23 - O-I Glass, Inc. /DE/ | oi-20171231xex23.htm |
| EX-21 - EX-21 - O-I Glass, Inc. /DE/ | oi-20171231ex21bfef921.htm |
EXHIBIT 12
OWENS‑ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of dollars, except ratios)
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Years ended December 31, |
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2017 |
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2016 |
|
2015 |
|
2014 |
|
2013 |
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Earnings from continuing operations before income taxes |
|
$ |
275 |
|
$ |
356 |
|
$ |
268 |
|
$ |
307 |
|
$ |
468 |
|
|
Less: Equity earnings |
|
|
(77) |
|
|
(60) |
|
|
(60) |
|
|
(64) |
|
|
(67) |
|
|
Add: Total fixed charges deducted from earnings |
|
|
279 |
|
|
284 |
|
|
264 |
|
|
238 |
|
|
242 |
|
|
Dividends received from equity investees |
|
|
48 |
|
|
38 |
|
|
53 |
|
|
54 |
|
|
67 |
|
|
Earnings available for payment of fixed charges |
|
$ |
525 |
|
$ |
618 |
|
$ |
525 |
|
$ |
535 |
|
$ |
710 |
|
|
Fixed charges (including the Company’s proportional share of 50% owned associates): |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Interest expense |
|
$ |
276 |
|
$ |
279 |
|
$ |
259 |
|
$ |
235 |
|
$ |
239 |
|
|
Portion of operating lease rental deemed to be interest |
|
|
3 |
|
|
5 |
|
|
5 |
|
|
3 |
|
|
3 |
|
|
Total fixed charges deducted from earnings |
|
$ |
279 |
|
$ |
284 |
|
$ |
264 |
|
$ |
238 |
|
$ |
242 |
|
|
Ratio of earnings to fixed charges |
|
|
1.9 |
|
|
2.2 |
|
|
2.0 |
|
|
2.2 |
|
|
2.9 |
|