Tenneco (TEN) 10-Q 2008 Q3 Quarterly report

EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

	Nine Months
	Ended
	September 30,
	2008			2007
	(Dollars in Millions)
Net income (loss)	$	(117	)	$	67
Add:
Interest expense		88			112
Portion of rentals representative of the interest factor		12			10
Income tax expense and other taxes on income		163			22
Minority interest		8			8
Amortization of interest capitalized		3			1
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned		(3	)		(1	)
Earnings as defined	$	154		$	219
Interest expense	$	88		$	112
Interest capitalized		5			3
Portion of rentals representative of the interest factor		12			10
Fixed charges as defined	$	105		$	125
Ratio of earnings to fixed charges		1.47			1.75

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