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, |
| | 2014 | | 2013 |
| | (Millions) |
| Net income attributable to Tenneco Inc. | $ | 205 |
| | $ | 129 |
|
| Add: | | | |
| Interest expense | 58 |
| | 60 |
|
| Portion of rental representative of the interest factor | 16 |
| | 14 |
|
| Income Tax Expense (Benefit) | 117 |
| | 89 |
|
| Noncontrolling interests | 29 |
| | 28 |
|
| Amortization of interest capitalized | 3 |
| | 3 |
|
| Undistributed (earnings) losses of affiliated companies in which less | | | |
| than a 50% voting interest is owned | — |
| | — |
|
| Earnings as defined | $ | 428 |
| | $ | 323 |
|
| Interest expense | 58 |
| | 60 |
|
| Interest capitalized | 3 |
| | 3 |
|
| Portion of rentals representative of the interest factor | 16 |
| | 14 |
|
| Fixed charges as defined | $ | 77 |
| | $ | 77 |
|
| Ratio of earnings to fixed charges | 5.56 |
| | 4.19 |
|
