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New words:
assist, bike, Bologna, deferral, discontinue, Espace, fist, fork, Italy, motor, mountain, optimize, penetration, profitability, Renault, supplier, Taiwan, transition, Volvo, voted
Removed:
adding, allege, classification, correction, manufactured, misclassification, parent, Pullman, revised
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EXHIBIT 12
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months Ended June 30, | |||||||
2015 | 2014 | ||||||
(Millions) | |||||||
Net income attributable to Tenneco Inc. | $ | 127 | $ | 127 | |||
Add: | |||||||
Interest expense | 33 | 38 | |||||
Portion of rental representative of the interest factor | 10 | 11 | |||||
Income Tax Expense (Benefit) | 88 | 86 | |||||
Noncontrolling interests | 27 | 18 | |||||
Amortization of interest capitalized | 3 | 2 | |||||
Undistributed (earnings) losses of affiliated companies in which less | |||||||
than a 50% voting interest is owned | 1 | — | |||||
Earnings as defined | $ | 289 | $ | 282 | |||
Interest expense | 33 | 38 | |||||
Interest capitalized | 3 | 2 | |||||
Portion of rentals representative of the interest factor | 10 | 11 | |||||
Fixed charges as defined | $ | 46 | $ | 51 | |||
Ratio of earnings to fixed charges | 6.28 | 5.53 |