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New words:
attempt, fluctuation, methodology, National, nonfunctional, reconfirming, respectfully, tender, tendered, trustee
Removed:
buyback, residual
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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, | |||||||
2016 | 2015 | ||||||
(Millions) | |||||||
Net income attributable to Tenneco Inc. | $ | 143 | $ | 127 | |||
Add: | |||||||
Interest expense | 52 | 33 | |||||
Portion of rental representative of the interest factor | 11 | 10 | |||||
Income Tax Expense | 74 | 88 | |||||
Noncontrolling interests | 32 | 27 | |||||
Amortization of interest capitalized | 2 | 3 | |||||
Undistributed losses of affiliated companies in which less | |||||||
than a 50% voting interest is owned | — | 1 | |||||
Earnings as defined | $ | 314 | $ | 289 | |||
Interest expense | 52 | 33 | |||||
Interest capitalized | 3 | 3 | |||||
Portion of rentals representative of the interest factor | 11 | 10 | |||||
Fixed charges as defined | $ | 66 | $ | 46 | |||
Ratio of earnings to fixed charges | 4.76 | 6.28 |