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H.S. sophomore Avg
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New words:
Agent, amortization, assembled, assignment, behalf, Bolivian, cap, caption, Certification, comprised, depreciation, discount, distribution, downtime, duly, exhibit, floor, forma, formatted, goodwill, Group, Haudrich, hereof, incremental, intangible, iv, John, language, largest, Latin, LIBOR, located, multiple, National, newly, offering, omitted, party, preliminary, pro, provisional, redemption, renamed, revised, seller, soft, supplier, Syndicated, tangible, testing, thereunto, trustee, undersigned, workforce, XBRL
Removed:
depending, gain, generated, issue, open, outcome, refinancing, seek
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OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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| Nine months ended September 30, |
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| 2015 |
| 2014 |
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Earnings from continuing operations before income taxes |
| $ | 220 |
| $ | 404 |
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Less: Equity earnings |
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| (46) |
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| (48) |
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Add: Total fixed charges deducted from earnings |
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| 194 |
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| 165 |
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Dividends received from equity investees |
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| 13 |
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| 44 |
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Earnings available for payment of fixed charges |
| $ | 381 |
| $ | 565 |
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Fixed charges |
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Interest expense |
| $ | 192 |
| $ | 164 |
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Portion of operating lease rental deemed to be interest |
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| 2 |
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| 1 |
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Total fixed charges deducted from earnings and fixed charges |
| $ | 194 |
| $ | 165 |
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Ratio of earnings to fixed charges |
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| 2.0 |
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| 3.4 |
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