Exhibit 12
OWENS-ILLINOIS GROUP, 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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| 2008 |
| 2007 |
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Earnings from continuing operations before income taxes, and minority share owners’ interests |
| $ | 714.5 |
| $ | 452.4 |
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Less: | Equity earnings |
| (36.7 | ) | (22.3 | ) | ||
Add: | Total fixed charges deducted from earnings |
| 205.5 |
| 265.5 |
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| Proportional share of pre-tax earnings of 50% owned associates |
| 10.5 |
| 4.2 |
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| Dividends received from equity investees |
| 21.2 |
| 13.9 |
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| Earnings available for payment of fixed charges |
| $ | 915.0 |
| $ | 713.7 |
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Fixed charges (including the Company’s proportional share of 50% owned associates): |
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| Interest expense |
| $ | 193.8 |
| $ | 253.6 |
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| Portion of operating lease rental deemed to be interest |
| 5.7 |
| 5.3 |
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| Amortization of deferred financing costs and debt discount expense |
| 6.0 |
| 6.6 |
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| Total fixed charges deducted from earnings and fixed charges |
| $ | 205.5 |
| $ | 265.5 |
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Ratio of earnings to fixed charges |
| 4.5 |
| 2.7 |
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