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EXHIBIT 12.2
TENNECO 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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1998 1997 1996 1995 1994
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(DOLLARS IN MILLIONS)
Income from continuing operations........................... $198 $340 $147 $ 34 $163
Add:
Interest.................................................. 202 182 162 132 81
Portion of rentals representative of interest factor...... 22 22 20 13 12
Preferred stock dividend requirements of majority-owned
subsidiaries........................................... 28 21 21 23 --
Income tax expense and other taxes on income.............. 80 155 146 92 71
Amortization of interest capitalized...................... -- -- 1 1 --
Undistributed (earnings) losses of affiliated companies in
which less than a 50% voting interest is owned......... -- -- -- -- --
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Earnings as defined.................................. $530 $720 $497 $295 $327
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Interest.................................................... $202 $182 $162 $132 $ 81
Interest capitalized........................................ 1 1 3 2 1
Portion of rentals representative of interest factor........ 22 22 20 13 12
Preferred stock dividend requirements of majority-owned
subsidiaries on a pre-tax basis........................... 38 30 39 59 --
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Fixed charges as defined............................. $263 $235 $224 $206 $ 94
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Ratio of earnings to fixed charges.......................... 2.02 3.06 2.22 1.43 3.48
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