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, | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
(Dollars in Millions) | ||||||||||||||||||||
Net Income (loss) attributable to Tenneco Inc. | $ | 157 | $ | 39 | $ | (73 | ) | $ | (415 | ) | $ | (5 | ) | |||||||
Add: | ||||||||||||||||||||
Interest expense | 108 | 149 | 133 | 113 | 164 | |||||||||||||||
Portion of rentals representative of the interest factor | 17 | 15 | 14 | 15 | 12 | |||||||||||||||
Income tax expense and other taxes on income | 88 | 69 | 13 | 289 | 83 | |||||||||||||||
Noncontrolling interests | 26 | 24 | 19 | 10 | 10 | |||||||||||||||
Amortization of interest capitalized | 4 | 4 | 4 | 3 | 3 | |||||||||||||||
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned | — | — | 2 | (2 | ) | (1 | ) | |||||||||||||
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Earnings as defined | $ | 400 | $ | 300 | $ | 112 | $ | 13 | $ | 266 | ||||||||||
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Interest expense | $ | 108 | $ | 149 | $ | 133 | $ | 113 | $ | 164 | ||||||||||
Interest capitalized | 4 | 4 | 4 | 6 | 6 | |||||||||||||||
Portion of rentals representative of the interest factor | 17 | 15 | 14 | 15 | 12 | |||||||||||||||
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Fixed charges as defined | $ | 129 | $ | 168 | $ | 151 | $ | 134 | $ | 182 | ||||||||||
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Ratio of earnings to fixed charges | 3.10 | 1.79 | — | — | 1.46 | |||||||||||||||
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NOTE: | Earnings were inadequate to cover fixed charges by $39 million for the year ended December 31, 2009 and by $121 million for the year ended December 31, 2008. |