EX-12 3 c51050exv12.htm EX-12: EX-12:
EXHIBIT 12
 
TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
 
                 
    Three Months
 		 
    Ended
 		 
    March 31,  
    2009     2008  
    (Dollars in Millions)  
 
Net income (loss) attributable to Tenneco Inc.
  $ (49 )   $ 6  
Add:
               
Interest expense
    31       25  
Portion of rentals representative of the interest factor
    3       4  
Income tax expense and other taxes on income
    3       5  
Noncontrolling interests
    2       3  
Amortization of interest capitalized
    1       1  
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
    1       (2 )
                 
Earnings as defined
  $ (8 )   $ 42  
                 
Interest expense
  $ 31     $ 25  
Interest capitalized
    2       2  
Portion of rentals representative of the interest factor
    3       4  
                 
Fixed charges as defined
  $ 36     $ 31  
                 
Ratio of earnings to fixed charges
    (0.22 )     1.35  
                 
 
NOTE: Earnings were inadequate to cover fixed charges by $44 million for the quarter ended March 31, 2009.