Exhibit 12
PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio Of Earnings to Fixed Charges
(Dollars in Millions)
Six Months
Year Ended December 31 Ended
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1993 1994 1995 1996 1997 June 30, 1998
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Earnings:
Earnings before income
taxes $ 531 $ 840 $ 1,247 $ 1,215 $ 1,149 $ 647
Plus:
Fixed charges exclusive of 128 108 113 125 136 74
capitalized interest
Amortization of capitalized interest 11 11 12 13 13 6
Adjustments for equity affiliates and minority (1) (2) (4) (3) 0 (2)
interest
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Total $ 669 $ 957 $ 1,368 $ 1,350 $ 1,298 $ 725
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Fixed Charges:
Interest expense including
amortization of debt
discount/premium and debt expense $ 108 $ 88 $ 91 $ 102 $ 113 $ 62
Rentals - portion representative of
interest 20 20 22 22 23 12
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Fixed charges exclusive of capitalized
interest 128 108 113 124 136 74
Capitalized interest 6 5 9 12 10 5
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Total $ 134 $ 113 $ 122 $ 136 $ 146 $ 79
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Ratio of earnings to fixed charges 5.0 8.4 11.3 9.9 8.9 9.2
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