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EXHIBIT 12
CROWN HOLDINGS, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
| Twelve months ended | Twelve months ended | |||
| 12/31/2016 | 12/31/2015 | |||
| Computation of Earnings: | ||||
| Income before income taxes, minority interests and equity earnings | $769 | $639 | ||
| Adjustments to income | ||||
| Add: Distributed income from less than 50% owned companies | — | |||
| Add: Fixed charges as presented below | 270 | 290 | ||
| Subtract: Interest capitalized | (9) | (2) | ||
| Add: Amortization of interest previously capitalized | 3 | 2 | ||
| Earnings | $1,033 | $929 | ||
| Computation of fixed charges: | ||||
| Interest incurred | $227 | $253 | ||
| Interest capitalized | 9 | 2 | ||
| Amortization of debt related costs | 16 | 17 | ||
| Portion of rental expense representative of interest (1) | 18 | 18 | ||
| Total fixed charges | $270 | $290 | ||
| Ratio of earnings to fixed charges | 3.8 | 3.2 | ||
| (1) | One-third of net rent expense is the portion deemed representative of the interest factor. |