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, |
| | 2013 | | 2012 |
| | (Millions) |
| Net income attributable to Tenneco Inc. | $ | 129 |
| | $ | 242 |
|
| Add: | | | |
| Interest expense | 60 |
| | 84 |
|
| Portion of rental representative of the interest factor | 14 |
| | 13 |
|
| Income tax expense | 89 |
| | (3 | ) |
| Noncontrolling interests | 28 |
| | 21 |
|
| 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 | $ | 323 |
| | $ | 361 |
|
| Interest expense | 60 |
| | 84 |
|
| Interest capitalized | 3 |
| | 3 |
|
| Portion of rentals representative of the interest factor | 14 |
| | 13 |
|
| Fixed charges as defined | $ | 77 |
| | $ | 100 |
|
| Ratio of earnings to fixed charges | 4.19 |
| | 3.61 |
|
