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Exhibit 12
CORN PRODUCTS INTERNATIONAL, INC. (“CPI”)
Computation of Ratio of Earnings to Fixed Charges
|
| Six Months |
| |
|
| Ended |
| |
(in millions, except ratio) |
| June 30, 2010 |
| |
Income before income taxes and earnings of non-controlling interests |
| $ | 136.8 |
|
Fixed charges |
| 16.7 |
| |
Capitalized interest |
| (1.3 | ) | |
Total |
| $ | 152.2 |
|
|
|
|
| |
Ratio of earnings to fixed charges |
| 9.11 |
| |
|
|
|
| |
Fixed Charges: |
|
|
| |
Interest expense on debt |
| $ | 15.7 |
|
Amortization of discount on debt |
| 0.4 |
| |
Interest portion of rental expense on operating leases |
| 0.6 |
| |
Total |
| $ | 16.7 |
|