EXHIBIT 12
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
(UNAUDITED)
Nine Months | ||||||||
Ended | ||||||||
September 30, | ||||||||
2010 | 2009 | |||||||
(Dollars in Millions) | ||||||||
Net income (loss) attributable to Tenneco Inc. | $ | 57 | $ | (90 | ) | |||
Add: | ||||||||
Interest expense | 100 | 101 | ||||||
Portion of rentals representative of the interest factor | 11 | 11 | ||||||
Income tax expense and other taxes on income | 45 | 18 | ||||||
Noncontrolling interests | 17 | 10 | ||||||
Amortization of interest capitalized | 3 | 3 | ||||||
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned | — | 1 | ||||||
Earnings as defined | $ | 233 | $ | 54 | ||||
Interest expense | $ | 100 | $ | 101 | ||||
Interest capitalized | 3 | 3 | ||||||
Portion of rentals representative of the interest factor | 11 | 11 | ||||||
Fixed charges as defined | $ | 114 | $ | 115 | ||||
Ratio of earnings to fixed charges | 2.04 | 0.47 | ||||||
NOTE: | Earnings were inadequate to cover fixed charges by $61 million for the nine months ended September 30, 2009. |