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Exhibit 12
OWENS-ILLINOIS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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| Three months ended March 31, |
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| 2009 |
| 2008 |
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Earnings from continuing operations before income taxes |
| $ | 90.0 |
| $ | 255.1 |
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Less: | Equity earnings |
| (13.6 | ) | (11.1 | ) | ||
Add: | Total fixed charges deducted from earnings |
| 49.6 |
| 66.2 |
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| Proportional share of pre-tax earnings of 50% owned associates |
| 3.4 |
| 3.8 |
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| Dividends received from equity investees |
| 6.9 |
| 7.0 |
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| Earnings available for payment of fixed charges |
| $ | 136.3 |
| $ | 321.0 |
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Fixed charges (including the Company’s proportional share of 50% owned associates): |
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| Interest expense |
| $ | 45.7 |
| $ | 62.4 |
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| Portion of operating lease rental deemed to be interest |
| 1.5 |
| 1.9 |
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| Amortization of deferred financing costs and debt discount expense |
| 2.4 |
| 1.9 |
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| Total fixed charges deducted from earnings and fixed charges |
| $ | 49.6 |
| $ | 66.2 |
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Ratio of earnings to fixed charges |
| 2.7 |
| 4.8 |
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