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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)
Nine Months Ended September 30, | |||||||
2016 | 2015 | ||||||
(Millions) | |||||||
Net income attributable to Tenneco Inc. | $ | 323 | $ | 179 | |||
Add: | |||||||
Interest expense | 76 | 49 | |||||
Portion of rental representative of the interest factor | 16 | 15 | |||||
Income Tax Expense | 5 | 122 | |||||
Noncontrolling interests | 49 | 41 | |||||
Amortization of interest capitalized | 3 | 3 | |||||
Undistributed losses of affiliated companies in which less | |||||||
than a 50% voting interest is owned | — | 1 | |||||
Earnings as defined | $ | 472 | $ | 410 | |||
Interest expense | 76 | 49 | |||||
Interest capitalized | 4 | 5 | |||||
Portion of rentals representative of the interest factor | 16 | 15 | |||||
Fixed charges as defined | $ | 96 | $ | 69 | |||
Ratio of earnings to fixed charges | 4.92 | 5.94 |