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)
Nine Months | ||||||||
Ended | ||||||||
September 30, | ||||||||
2009 | 2008 | |||||||
(Dollars in Millions) | ||||||||
Net income (loss) attributable to Tenneco Inc. | $ | (90 | ) | $ | (117 | ) | ||
Add: | ||||||||
Interest expense | 101 | 88 | ||||||
Portion of rentals representative of the interest factor | 11 | 12 | ||||||
Income tax expense and other taxes on income | 18 | 163 | ||||||
Noncontrolling interest | 10 | 8 | ||||||
Amortization of interest capitalized | 3 | 3 | ||||||
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned | 1 | (3 | ) | |||||
Earnings as defined | $ | 54 | $ | 154 | ||||
Interest expense | $ | 101 | $ | 88 | ||||
Interest capitalized | 3 | 5 | ||||||
Portion of rentals representative of the interest factor | 11 | 12 | ||||||
Fixed charges as defined | $ | 115 | $ | 105 | ||||
Ratio of earnings to fixed charges | 0.47 | 1.47 | ||||||
NOTE: Earnings were inadequate to cover fixed charges by $61 million for the nine months ended September 30, 2009.