Exhibit 12 U.S. Can Ratio of Earnings to Fixed Charges Historical ------------------------------------------------------------------------------------------ As of and for the First As of and for the Fiscal Year Ended Nine Months Ended ---------------------------------------------------------- ------------------------------- December 31, October 1, October 3, 1999 1998 1997 1996 2000 1999 -------------- -------------- --------------- ------------ --------------- --------------- Pretax Income 37.1 (13.2) (46.7) 29.0 25.9 30.7 Add: Fixed Charges 32.1 37.8 41.9 32.2 28.4 24.5 Less: Interest Capitalized Preferred Stock Dividend Requirements of majority owned unconsolidated subs -------------- -------------- --------------- ------------ --------------- --------------- Total 69.2 24.6 (4.8) 61.2 54.3 55.2 Fixed Charges Total Interest, including capitalized interest 28.7 33.2 36.9 28.4 24.6 21.8 Amortization of Deferred Financing Costs 1.2 1.8 1.7 1.4 1.2 0.9 Interest component of rent 2.2 2.8 3.3 2.4 2.6 1.8 Preferred Stock Dividend Requirements of majority owned unconsolidated subs - -------------- -------------- --------------- ------------ --------------- --------------- Total Fixed Charges 32.1 37.8 41.9 32.2 28.4 24.5 Ratio of Earnings to Fixed Charges 2.2 0.7 (0.1) 1.9 1.9 2.3 Earnings Required to Equal 1.00 13.2 46.7 Pro Forma --------------------------------- 9 Months Year Ended Ended December 31, October 1, 1999 2000 ----------------- --------------- Pretax Income 18.1 10.4 Add: Fixed Charges 74.8 57.8 Less: Interest Capitalized Preferred Stock Dividend Requirements of majority owned unconsolidated subs (18.3) (14.6) ----------------- --------------- Total 74.6 53.6 Fixed Charges Total Interest, including capitalized interest 50.4 39.2 Amortization of Deferred Financing Costs 3.8 1.4 Interest component of rent 2.3 2.6 Preferred Stock Dividend Requirements of majority owned unconsolidated subs 18.3 14.6 ----------------- --------------- Total Fixed Charges 74.8 57.8 Ratio of Earnings to Fixed Charges 1.0 0.9 Earnings Required to Equal 1.00 4.2