Exhibit 12 ---------- PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES Computation of Ratio Of Earnings to Fixed Charges (Dollars in Millions) Three Months Year Ended December 31, Ended ------------------------------------------------------------- 1997 1998 1999 2000 2001 March 31, 2002 ---- ---- ---- ---- ---- -------------- Earnings: Earnings before income taxes and net earnings in equity affiliates $ 1,165 $ 1,264 $ 945 $ 978 $ 651 $ 83 Plus: Fixed charges exclusive of capitalized interest 128 135 164 217 208 43 Amortization of capitalized interest 13 12 10 10 10 2 Adjustments for equity affiliates 14 16 16 20 26 2 --------------------------------------------------------------------------- Total $ 1,320 $ 1,427 $ 1,135 $ 1,225 $ 895 $ 130 =========================================================================== Fixed Charges: Interest expense including amortization of debt discount/premium and debt expense $ 105 $ 110 $ 133 $ 177 $ 169 $ 33 Rentals - portion representative of interest 23 25 31 40 39 10 --------------------------------------------------------------------------- Fixed charges exclusive of capitalized interest 128 135 164 217 208 43 Capitalized interest 10 9 11 16 13 2 --------------------------------------------------------------------------- Total $ 138 $ 144 $ 175 $ 233 $ 221 $ 45 =========================================================================== Ratio of earnings to fixed charges 9.6 9.9 6.5 5.3 4.0 2.9 ===========================================================================