Coca-Cola European Partners 10-Q 2015 Q2 Quarterly report

EXHIBIT 12

COCA-COLA ENTERPRISES, INC.

EARNINGS TO FIXED CHARGES

(in millions; except ratios)

	Second Quarter				First Six Months
	2015		2014		2015		2014
Computation of Earnings:
Income before income taxes	$	243	$	266	$	373	$	421
Add:
Interest expense	31		30		61		58
Amortization of debt premium/discount and expenses	—		—		1		1
Interest portion of rent expense	6		6		12		12
Earnings as adjusted	$	280	$	302	$	447	$	492
Computation of Fixed Charges:
Interest expense	$	31	$	30	$	61	$	58
Amortization of debt premium/discount and expenses	—		—		1		1
Interest portion of rent expense	6		6		12		12
Fixed charges	$	37	$	36	$	74	$	71
Ratio of Earnings to Fixed Charges(A)	7.39		8.23		6.01		6.86

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^(A) Ratios were calculated prior to rounding to millions.