Attached files
Exhibit 12.1
DELPHI TECHNOLOGIES PLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
(dollars in millions) | |||||||||||||||||||
Gain (loss) before income taxes, minority interest, and equity income | $ | 420 | $ | 318 | $ | 398 | $ | 440 | $ | 374 | |||||||||
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges | (41) | (39) | (27) | (23) | (22) | ||||||||||||||
Portion of rentals deemed to be interest | 5 | 4 | 4 | 4 | 6 | ||||||||||||||
Interest and related charges on debt | 15 | 1 | 3 | 4 | 5 | ||||||||||||||
Earnings available for fixed charges | $ | 399 | $ | 284 | $ | 378 | $ | 425 | $ | 363 | |||||||||
Fixed charges: | |||||||||||||||||||
Portion of rentals deemed to be interest | $ | 5 | $ | 4 | $ | 4 | $ | 4 | $ | 6 | |||||||||
Interest and related charges on debt | 15 | 1 | 3 | 4 | 5 | ||||||||||||||
Total fixed charges | $ | 20 | $ | 5 | $ | 7 | $ | 8 | $ | 11 | |||||||||
Ratio of earnings to fixed charges | 20.0 | 56.8 | 54.0 | 53.1 | 33.0 |