EXHIBIT 12
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months | ||||||||
Ended | ||||||||
June 30, | ||||||||
2009 | 2008 | |||||||
(Dollars in Millions) | ||||||||
Net income (loss) attributable to Tenneco Inc. | $ | (82 | ) | $ | 19 | |||
Add: | ||||||||
Interest expense | 66 | 58 | ||||||
Portion of rentals representative of the interest factor | 7 | 8 | ||||||
Income tax expense and other taxes on income | 14 | 32 | ||||||
Noncontrolling interest | 6 | 5 | ||||||
Amortization of interest capitalized | 2 | 2 | ||||||
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned | 2 | (3 | ) | |||||
Earnings as defined | $ | 15 | $ | 121 | ||||
Interest expense | $ | 66 | $ | 58 | ||||
Interest capitalized | 2 | 3 | ||||||
Portion of rentals representative of the interest factor | 7 | 8 | ||||||
Fixed charges as defined | $ | 75 | $ | 69 | ||||
Ratio of earnings to fixed charges | 0.20 | 1.75 | ||||||
NOTE: Earnings were inadequate to cover fixed charges by $60 million for the six months ended June 30, 2009.