Exhibit 12 PPG INDUSTRIES, INC. AND CONSOLIDATED SUBSIDIARIES Computation of Ratio Of Earnings to Fixed Charges (Dollars in Millions) Year Ended December 31, Nine Months --------------------------------------------------------- Ended 1997 1998 1999 2000 2001 September 30, 2002 ------ ------ ------ ------ ------- ------------------ Earnings: Earnings (loss) before income taxes and net earnings in equity affiliates $ 1,165 $ 1,264 $ 945 $ 978 $ 651 $(192) Plus: Fixed charges exclusive of capitalized interest 128 135 164 217 208 128 Amortization of capitalized interest 13 12 10 10 10 8 Adjustments for equity affiliates 14 16 16 20 26 6 ------------------------------------------------------------------------- Total $ 1,320 $ 1,427 $ 1,135 $ 1,225 $ 895 $ (50) ========================================================================= Fixed Charges: Interest expense including amortization of debt discount/premium and debt expense $ 105 $ 110 $ 133 $ 177 $ 169 $ 99 Rentals - portion representative of interest 23 25 31 40 39 29 ------------------------------------------------------------------------- Fixed charges exclusive of capitalized interest 128 135 164 217 208 128 Capitalized interest 10 9 11 16 13 4 ------------------------------------------------------------------------- Total $ 138 $ 144 $ 175 $ 233 $ 221 $ 132 ========================================================================= Ratio of earnings to fixed charges 9.6 9.9 6.5 5.3 4.0 - ========================================================================= Deficiency of earnings to fixed charges $ - $ - $ - $ - $ - $(182) =========================================================================