EXHIBIT 12
TENNECO AUTOMOTIVE INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEARS ENDED DECEMBER 31,
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2004 2003 2002 2001 2000
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(DOLLARS IN MILLIONS)
Income (loss) before cumulative effect of change
in accounting principle......................... $ 13 $ 27 $ 31 $ (130)$ (42)
Add:
Interest expense................................ 179 149 141 170 188
Portion of rentals representative of the
interest factor.............................. 11 11 11 10 13
Income tax expense (benefit) and other taxes on
income....................................... (25) (6) (7) 51 (28)
Minority interest............................... 4 6 4 -- --
Amortization of interest capitalized............ 1 1 1 1 --
Undistributed losses of affiliated companies
in which in less than a 50% voting
interest is owned............................ -- 2 2 1 --
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Earnings as defined.......................... $ 183 $ 190 $ 183 $ 103 $ 131
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Interest expense.................................. $ 179 $ 149 $ 141 $ 170 $ 188
Interest capitalized.............................. 2 4 4 3 6
Portion of rentals representative of the interest
factor.......................................... 11 11 11 10 13
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Fixed charges as defined..................... $ 192 $ 164 $ 156 $ 183 $ 207
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Ratio of earnings to fixed charges................ 0.95 1.16 1.17 0.56 0.63
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NOTE: Earnings were inadequate to cover fixed charges by $9 million, $80
million, and $76 million for the years ended December 31, 2004, 2001 and 2000,
respectively.