Exhibit 12
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PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio Of Earnings to Fixed Charges
(Dollars in Millions)
Year Ended December 31 Three Months
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1994 1995 1996 1997 1998 March 31, 1999
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Earnings:
Earnings before income taxes $ 840 $ 1,247 $ 1,215 $ 1,149 $ 1,267 $ 202
Plus:
Fixed charges exclusive of capitalized interest 108 113 124 136 139 34
Amortization of capitalized interest 11 12 13 13 12 3
Adjustments for equity affiliates and minority interest (2) (4) (3) 0 (2) (1)
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Total $ 957 $ 1,368 $ 1,349 $ 1,298 $ 1,416 $ 238
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Fixed Charges:
Interest expense including amortization of debt
discount/premium and debt expense $ 88 $ 91 $ 102 $ 113 $ 114 $ 27
Rentals - portion representative of interest 20 22 22 23 25 7
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Fixed charges exclusive of capitalized interest 108 113 124 136 139 34
Capitalized interest 5 9 12 10 9 3
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Total $ 113 $ 122 $ 136 $ 146 $ 148 $ 37
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Ratio of earnings to fixed charges 8.4 11.3 9.9 8.9 9.6 6.4
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