Tenneco (TEN) 10-K 2016 FY Annual report

EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES

COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
	2016		2015		2014			2013		2012
	(Dollars in Millions)
Net Income attributable to Tenneco Inc.	$	363	$	247	$	226		$	183	$	275
Add:
Interest expense	92		67		91			80		105
Portion of rentals representative of the interest factor	21		20		21			19		18
Income tax expense	3		149		131			122		19
Noncontrolling interests	70		56		44			39		29
Amortization of interest capitalized	4		4		4			4		4
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned	—		1		(1		)	—		1
Earnings as defined	$	553	$	544	$	516		$	447	$	451
Interest expense	$	92	$	67	$	91		$	80	$	105
Interest capitalized	6		6		5			4		4
Portion of rentals representative of the interest factor	21		20		21			19		18
Fixed charges as defined	$	119	$	93	$	117		$	103	$	127
Ratio of earnings to fixed charges	4.65		5.85		4.41			4.34		3.55