Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - OWENS-ILLINOIS GROUP INC | ow-20180930ex32283159a.htm |
| EX-32.1 - EX-32.1 - OWENS-ILLINOIS GROUP INC | ow-20180930ex32135bf10.htm |
| EX-31.2 - EX-31.2 - OWENS-ILLINOIS GROUP INC | ow-20180930ex312939a77.htm |
| EX-31.1 - EX-31.1 - OWENS-ILLINOIS GROUP INC | ow-20180930ex311eba72a.htm |
| 10-Q - 10-Q - OWENS-ILLINOIS GROUP INC | ow-20180930x10q.htm |
EXHIBIT 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Nine months ended September 30 |
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2018 |
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2017 |
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Earnings from continuing operations before income taxes |
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$ |
381 |
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$ |
396 |
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Less: Equity earnings |
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(57) |
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(55) |
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Add: Total fixed charges deducted from earnings |
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208 |
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214 |
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Dividends received from equity investees |
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67 |
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31 |
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Earnings available for payment of fixed charges |
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$ |
599 |
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$ |
586 |
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Fixed charges |
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Interest expense |
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$ |
205 |
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$ |
211 |
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Portion of operating lease rental deemed to be interest |
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3 |
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3 |
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Total fixed charges deducted from earnings and fixed charges |
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$ |
208 |
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$ |
214 |
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Ratio of earnings to fixed charges |
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2.9 |
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2.7 |
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