Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppg201710kex322-906certifi.htm |
| EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppg201710kex321-906certifi.htm |
| EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppg201710kex312-officercer.htm |
| EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppg201710kex311-officercer.htm |
| EX-24 - EXHIBIT 24 - PPG INDUSTRIES INC | ppg201710kex24-powerofatto.htm |
| EX-23 - EXHIBIT 23 - PPG INDUSTRIES INC | ppg201710kex23-consentofin.htm |
| EX-21 - EXHIBIT 21 - PPG INDUSTRIES INC | ppg201710kex21-subsidiarie.htm |
| EX-13.2 - EXHIBIT 13.2 - PPG INDUSTRIES INC | ppg201710kex132-selectedfi.htm |
| EX-13.1 - EXHIBIT 13.1 - PPG INDUSTRIES INC | ppg201710kex131-marketinfo.htm |
| EX-10.30 - EXHIBIT 10.30 - PPG INDUSTRIES INC | ppg10-kexhibit1030xsekmaka.htm |
| 10-K - 10-K - PPG INDUSTRIES INC | ppg201710k.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Year ended December 31 | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $1,991 | $773 | $1,735 | $1,216 | $1,177 | ||||||||||||||
Plus: | |||||||||||||||||||
Fixed charges exclusive of capitalized interest | 200 | 215 | 210 | 278 | 280 | ||||||||||||||
Amortization of capitalized interest | 6 | 5 | 5 | 5 | 4 | ||||||||||||||
Adjustments for equity affiliates | 8 | 2 | 73 | 5 | 1 | ||||||||||||||
Total | $2,205 | $995 | $2,023 | $1,504 | $1,462 | ||||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense including amortization of debt discount/premium and debt expense | $105 | $125 | $125 | $187 | $196 | ||||||||||||||
Rentals - portion representative of interest | 95 | 90 | 85 | 91 | 84 | ||||||||||||||
Fixed charges exclusive of capitalized interest | $200 | $215 | $210 | $278 | $280 | ||||||||||||||
Capitalized interest | 7 | 8 | 9 | 16 | 10 | ||||||||||||||
Total | $207 | $223 | $219 | $294 | $290 | ||||||||||||||
Ratio of earnings to fixed charges | 10.7 | 4.5 | 9.2 | 5.1 | 5.0 | ||||||||||||||
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations.