The Timken Company (TKR) 10-Q 2016 Q3 Quarterly report

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions, except ratio amounts)

	Nine Months Ended September 30,						Twelve Months Ended December 31,
	2016			2015			2015			2014			2013			2012
Income (loss) from continuing operations before tax	$	189.9		$	(31.6	)	$	(189.6	)	$	204.0		$	290.1		$	517.8
Share of undistributed (losses) income from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt	$	(0.7	)	$	(0.6	)	$	(0.8	)	$	(0.6	)	$	(0.4	)	$	0.5
Amortization of capitalized interest	0.4			0.5			0.6			0.9			(1.3		)	(1.3		)
Interest expense	25.1			25.0			33.4			28.7			24.4			31.1
Interest portion of rental expense	3.6			3.6			4.8			5.2			8.0			8.0
Earnings (loss)	$	218.3		$	(3.1	)	$	(151.6	)	$	238.2		$	320.8		$	556.1
Interest	$	25.8		$	25.0		$	33.4		$	30.4		$	37.1		$	36.0
Interest portion of rental expense	3.6			3.6			4.8			5.2			8.0			8.0
Fixed Charges	$	29.4		$	28.6		$	38.2		$	35.6		$	45.1		$	44.0
Ratio of Earnings to Fixed Charges	7.43			(0.11		)	(3.97		)	6.69			7.11			12.64