EX-12 3 ten-20131231x10kexx12.htm EX-12 TEN-2013.12.31-10K EX-12


EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
2010
 
2009
 
 
(Dollars in Millions)
Net Income (loss) attributable to Tenneco Inc.
 
$
183

 
$
275

 
$
157

 
$
39

 
$
(73
)
Add:
 


 


 


 


 


Interest expense
 
80

 
105

 
108

 
149

 
133

Portion of rentals representative of the interest factor
 
19

 
18

 
17

 
15

 
14

Income tax expense and other taxes on income
 
122

 
19

 
88

 
69

 
13

Noncontrolling interests
 
39

 
29

 
26

 
24

 
19

Amortization of interest capitalized
 
4

 
4

 
4

 
4

 
4

Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned
 

 
1

 

 

 
2

Earnings as defined
 
$
447

 
$
451

 
$
400

 
$
300

 
$
112

Interest expense
 
$
80

 
$
105

 
$
108

 
$
149

 
$
133

Interest capitalized
 
4

 
4

 
4

 
4

 
4

Portion of rentals representative of the interest factor
 
19

 
18

 
17

 
15

 
14

Fixed charges as defined
 
$
103

 
$
127

 
$
129

 
$
168

 
$
151

Ratio of earnings to fixed charges
 
4.34

 
3.55

 
3.10

 
1.79

 

NOTE:
Earnings were inadequate to cover fixed charges by $39 million for the year ended December 31, 2009.