Exhibit 12
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PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio Of Earnings to Fixed Charges
(Dollars in Millions)
Three Months
Year Ended December 31, Ended
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1996 1997 1998 1999 2000 March 31, 2001
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Earnings:
Earnings before income taxes and net earnings in
equity affiliates $1,221 $1,165 $1,264 $ 945 $ 978 $ 108
Plus:
Fixed charges exclusive of capitalized interest 118 128 135 164 217 58
Amortization of capitalized interest 13 13 12 10 10 2
Adjustments for equity affiliates 15 14 16 16 20 2
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Total $1,367 $1,320 $1,427 $1,135 $1,225 $ 170
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Fixed Charges:
Interest expense including amortization of debt
discount/premium and debt expense $ 96 $ 105 $ 110 $ 133 $ 177 $ 48
Rentals - portion representative of interest 22 23 25 31 40 10
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Fixed charges exclusive of capitalized interest 118 128 135 164 217 58
Capitalized interest 12 10 9 11 16 4
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Total $ 130 $ 138 $ 144 $ 175 $ 233 $ 62
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Ratio of earnings to fixed charges 10.5 9.6 9.9 6.5 5.3 2.7
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