Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - PPG INDUSTRIES INC | ppgq3201810qex322.htm |
EX-32.1 - EXHIBIT 32.1 - PPG INDUSTRIES INC | ppgq3201810qex321.htm |
EX-31.2 - EXHIBIT 31.2 - PPG INDUSTRIES INC | ppgq3201810qex312.htm |
EX-31.1 - EXHIBIT 31.1 - PPG INDUSTRIES INC | ppgq3201810qex311.htm |
EX-10.2 - EXHIBIT 10.2 - PPG INDUSTRIES INC | ppgq3201810qex102.htm |
EX-10.1 - EXHIBIT 10.1 - PPG INDUSTRIES INC | ppgq3201810qex101.htm |
10-Q - 10-Q - PPG INDUSTRIES INC | ppgq3201810q.htm |
Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Nine Months Ended September 30 | Year Ended December 31 | ||||||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
As Restated | As Restated | ||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Earnings before income taxes and net earnings in equity affiliates | $ | 1,337 | $ | 1,988 | $ | 767 | $ | 1,735 | $ | 1,216 | $ | 1,177 | |||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges exclusive of capitalized interest | 157 | 200 | 215 | 210 | 278 | 280 | |||||||||||||||||
Amortization of capitalized interest | 5 | 6 | 5 | 5 | 5 | 4 | |||||||||||||||||
Adjustments for equity affiliates | 15 | 8 | 7 | 73 | 5 | 1 | |||||||||||||||||
Total | $ | 1,514 | $ | 2,202 | $ | 994 | $ | 2,023 | $ | 1,504 | $ | 1,462 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense including amortization of debt discount/premium and debt expense | $ | 88 | $ | 105 | $ | 125 | $ | 125 | $ | 187 | $ | 196 | |||||||||||
Rentals - portion representative of interest | 69 | 95 | 90 | 85 | 91 | 84 | |||||||||||||||||
Fixed charges exclusive of capitalized interest | 157 | 200 | 215 | 210 | 278 | 280 | |||||||||||||||||
Capitalized interest | 3 | 7 | 8 | 9 | 16 | 10 | |||||||||||||||||
Total | $ | 160 | $ | 207 | $ | 223 | $ | 219 | $ | 294 | $ | 290 | |||||||||||
Ratio of earnings to fixed charges | 9.5 | 10.6 | 4.5 | 9.2 | 5.1 | 5.0 |
Note: The financial information of all prior periods has been reclassified to reflect discontinued operations.