EX-12 2 c47473exv12.htm EX-12 exv12
EXHIBIT 12
 
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
 
                 
    Nine Months
 		 
    Ended
 		 
    September 30,  
    2008     2007  
    (Dollars in Millions)  
 
Net income (loss)
  $ (117 )   $ 67  
Add:
               
Interest expense
    88       112  
Portion of rentals representative of the interest factor
    12       10  
Income tax expense and other taxes on income
    163       22  
Minority interest
    8       8  
Amortization of interest capitalized
    3       1  
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
    (3 )     (1 )
                 
Earnings as defined
  $ 154     $ 219  
                 
Interest expense
  $ 88     $ 112  
Interest capitalized
    5       3  
Portion of rentals representative of the interest factor
    12       10  
                 
Fixed charges as defined
  $ 105     $ 125  
                 
Ratio of earnings to fixed charges
    1.47       1.75  
                 


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