Exhibit 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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| Six months ended June 30, |
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| 2007 |
| 2006 |
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Earnings from continuing operations before income taxes, and minority share owners’ interests. |
| $ | 312.0 |
| $ | 159.0 |
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Less: | Equity earnings |
| (13.9 | ) | (13.0 | ) | ||
Add: | Total fixed charges deducted from earnings |
| 166.5 |
| 180.7 |
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| Proportional share of pre-tax earnings of 50% owned associates |
| 1.6 |
| 4.4 |
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| Dividends received from equity investees |
| 7.2 |
| 34.1 |
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| Earnings available for payment of fixed charges |
| $ | 473.4 |
| $ | 365.2 |
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Fixed charges (including the Company’s proportional share of 50% owned associates): |
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| Interest expense |
| $ | 160.7 |
| $ | 171.0 |
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| Portion of operating lease rental deemed to be interest |
| 3.3 |
| 4.7 |
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| Amortization of deferred financing costs and debt discount expense |
| 2.5 |
| 5.0 |
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| Total fixed charges deducted from earnings and fixed charges |
| $ | 166.5 |
| $ | 180.7 |
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Ratio of earnings to fixed charges |
| 2.8 |
| 2.0 |
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