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Filing tables
Filing exhibits
- 10-K Annual report
- 3.2 Amended and Restated By-laws of Ashland Global Holdings Inc.
- 4.19 First Supplemental Indenture Dated September 26, 2016
- 10.3 Amended and Restated Ashland Global Holdings Inc. Deferred Compensation Plan
- 10.21 Amended and Restated 2015 Ashland Global Holdings Inc. Incentive Plan
- 10.37 Form of Restricted Stock Award Agreement
- 10.38 Form of Restricted Stock Unit Award Agreement
- 10.39 Form of Stock Appreciation Rights Award Agreement
- 10.40 Form of Performance Unit (Ltip) Award Agreement
- 10.43 Amendment to Ashland Inc. Supplemental Defined Contribution Plan
- 10.44 Amendment to the Hercules Incorporated Employee Pension Restoration Plan
- 10.45 Amendment to the Valvoline LLC Nonqualified Excess Benefit Plan
- 10.46 Amendment to the Hercules Incorporated Employee Pension Restoration Plan
- 10.47 Amendment to the Amended and Restated Supplemental Early Retirement Plan
- 10.48 Ashland Severance Pay Plan Effective As of August 1, 2016
- 10.49 Ashland Severance Pay Plan Effective As of January 1, 2017
- 10.51 Valvoline Inc. 2016 Deferred Compensation Plan for Non-employee Directors
- 10.52 Form of Valvoline Inc. 2016 Deferred Compensation Plan for Employees
- 10.53 2016 Valvoline Incentive Plan
- 10.54 Form of Outside Director Restricted Stock Award Agreement
- 10.55 Form of Valvoline Inc. Non-qualified Defined Contribution Plan
- 10.56 Amendment to the Ashland Inc. Nonqualified Excess Benefit Plan
- 10.57 Amendment to the Amended and Restated Supplemental Early Retirement Plan
- 10.58 Amendment to the Hercules Incorporated Employee Pension Restoration Plan
- 10.59 Form of Cash-settled Performance Unit (Ltip) Award Agreement
- 10.61 Amendment to the Amended and Restated Hercules Deferred Compensation Plan
- 10.80 Eleventh Amendment to the Transfer and Administration Agreement
- 10.81 Second Amendment to Sale Agreement
- 10.84 Originator Joinder Agreement
- 10.87 Amendment No. 2 to the Credit Agreement
- 10.95 Amendment No. 1 to the Credit Agreement
- 12 Computation of Ratio of Earnings to Fixed Charges
- 21 List of Subsidiaries
- 23.1 Consent of Ernst & Young LLP
- 23.2 Consent of Pricewaterhousecoopers LLP
- 23.3 Consent of Hamilton, Rabinovitz & Associates, Inc.
- 24 Power of Attorney
- 31.1 Certification of William A. Wulfsohn
- 31.2 Certification of J. Kevin Willis
- 32 Certification of William A. Wulfsohn and J. Kevin Willis
- PDF PDF Version
- Download Excel data file
- View Excel data file
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EXHIBIT 12 | ||||||||||||||||||||
ASHLAND GLOBAL HOLDINGS INC. | ||||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Years ended September 30 | ||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||
EARNINGS | ||||||||||||||||||||
Income from continuing operations | $ | 14 | $ | 553 | $ | 72 | $ | 191 | $ | 3 | ||||||||||
Income tax expense (benefit) | (57 | ) | 196 | (188 | ) | (22 | ) | 133 | ||||||||||||
Interest expense | 197 | 208 | 149 | 148 | 167 | |||||||||||||||
Interest portion of rental expense | 28 | 25 | 29 | 20 | 22 | |||||||||||||||
Amortization of deferred debt expense | 54 | 65 | 14 | 18 | 23 | |||||||||||||||
Distributions in excess of (less than) earnings | ||||||||||||||||||||
of unconsolidated affiliates | (32 | ) | (15 | ) | (11 | ) | 7 | 5 | ||||||||||||
$ | 204 | $ | 1,032 | $ | 65 | $ | 362 | $ | 353 | |||||||||||
FIXED CHARGES | ||||||||||||||||||||
Interest expense | $ | 197 | $ | 208 | $ | 149 | $ | 148 | $ | 167 | ||||||||||
Interest portion of rental expense | 28 | 25 | 29 | 20 | 22 | |||||||||||||||
Amortization of deferred debt expense | 54 | 65 | 14 | 18 | 23 | |||||||||||||||
Capitalized interest | 1 | 1 | 1 | 2 | 1 | |||||||||||||||
$ | 280 | $ | 299 | $ | 193 | $ | 188 | $ | 213 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | (A) | 3.45 | (B) | 1.93 | 1.66 | |||||||||||||||
(A) Deficiency Ratio - The Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $76 million would have been required for the year ended September 30, 2012. | ||||||||||||||||||||
(B) Deficiency Ratio - The Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $128 million would have been required for the year ended September 30, 2014. |