OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Millions of dollars, except ratios)

	Years ended December 31,

	2012			2011			2010			2009			2008
Earnings (loss) from continuing operations before income taxes	$	328		$	(396	)	$	426		$	216		$	440
Less: Equity earnings		(64	)		(66	)		(59	)		(53	)		(51	)
Add: Total fixed charges deducted from earnings		257			320			260			228			261
Dividends received from equity investees		50			50			62			34			25

Earnings available for payment of fixed charges	$	571		$	(92	)	$	689		$	425		$	675

Fixed charges (including the Company's proportional share of 50% owned associates):
Interest expense	$	248		$	314		$	249		$	222		$	253
Portion of operating lease rental deemed to be interest		9			6			11			6			8

Total fixed charges deducted from earnings and total fixed charges		257			320			260			228			261
Preferred stock dividends (increased to assumed pre-tax amount)														7

Combined fixed charges and preferred stock dividends	$	257		$	320		$	260		$	228		$	268

Ratio of earnings to fixed charges		2.2						2.7			1.9			2.6
Deficiency of earnings available to cover fixed charges				$	412
Ratio of earnings to combined fixed charges and preferred stock dividends														2.5