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, | ||||||||
2010 | 2009 | |||||||
(Dollars in Millions) | ||||||||
Net income (loss) attributable to Tenneco Inc. | $ | 47 | $ | (82 | ) | |||
Add: | ||||||||
Interest expense | 64 | 66 | ||||||
Portion of rentals representative of the interest factor | 7 | 7 | ||||||
Income tax expense and other taxes on income | 30 | 14 | ||||||
Noncontrolling interest | 11 | 6 | ||||||
Amortization of interest capitalized | 2 | 2 | ||||||
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned | — | 2 | ||||||
Earnings as defined | $ | 161 | $ | 15 | ||||
Interest expense | $ | 64 | $ | 66 | ||||
Interest capitalized | 2 | 2 | ||||||
Portion of rentals representative of the interest factor | 7 | 7 | ||||||
Fixed charges as defined | $ | 73 | $ | 75 | ||||
Ratio of earnings to fixed charges | 2.21 | 0.20 | ||||||
NOTE: Earnings were inadequate to cover fixed charges by $60 million for the six months ended June 30, 2009.