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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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| Nine months ended September 30, |
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| 2016 |
| 2015 |
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Earnings from continuing operations before income taxes |
| $ | 395 |
| $ | 220 |
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Less: Equity earnings |
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| (44) |
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| (46) |
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Add: Total fixed charges deducted from earnings |
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| 208 |
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| 197 |
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Dividends received from equity investees |
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| 30 |
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| 44 |
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Earnings available for payment of fixed charges |
| $ | 589 |
| $ | 415 |
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Fixed charges |
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Interest expense |
| $ | 204 |
| $ | 192 |
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Portion of operating lease rental deemed to be interest |
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| 4 |
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| 5 |
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Total fixed charges deducted from earnings and fixed charges |
| $ | 208 |
| $ | 197 |
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Ratio of earnings to fixed charges |
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| 2.8 |
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| 2.1 |
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