Exhibit 99.2
HEXION INC.
Statement Regarding Computation of Ratios
(Amounts in millions of dollars)
Year ended December 31, | ||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
(dollars in millions, except per share data) | ||||||||||||||
Pre-tax (loss) income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or earnings from unconsolidated entities | (222 | ) | (210 | ) | (183 | ) | 87 | 246 | ||||||
Fixed Charges: | ||||||||||||||
Interest expensed and capitalized | 308 | 304 | 263 | 263 | 277 | |||||||||
Interest element of lease costs | 12 | 12 | 12 | 12 | 12 | |||||||||
Total fixed charges | 320 | 316 | 275 | 275 | 289 | |||||||||
Pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or earnings from unconsolidated entities, plus fixed charges | 98 | 106 | 92 | 362 | 535 | |||||||||
Ratio of earnings to fixed charges | N/A | N/A | N/A | 1.32 | 1.85 |
(1) | The interest element of lease costs has been calculated as 1/3 of the rental expense relating to operating leases as management believes this represents the interest portion hereof. |
(2) | Our earnings were insufficient to cover fixed charges by $222, $210 and $183 for the years ended December 31, 2014, 2013 and 2012, respectively. |