EX-12 4 ten-20161231x10kexx12.htm EX-12 Exhibit


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,
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
(Dollars in Millions)
Net Income attributable to Tenneco Inc.
 
$
363

 
$
247

 
$
226

 
$
183

 
$
275

Add:
 


 


 


 


 


Interest expense
 
92

 
67

 
91

 
80

 
105

Portion of rentals representative of the interest factor
 
21

 
20

 
21

 
19

 
18

Income tax expense
 
3

 
149

 
131

 
122

 
19

Noncontrolling interests
 
70

 
56

 
44

 
39

 
29

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

 
(1
)
 
—

 
1

Earnings as defined
 
$
553

 
$
544

 
$
516

 
$
447

 
$
451

Interest expense
 
$
92

 
$
67

 
$
91

 
$
80

 
$
105

Interest capitalized
 
6

 
6

 
5

 
4

 
4

Portion of rentals representative of the interest factor
 
21

 
20

 
21

 
19

 
18

Fixed charges as defined
 
$
119

 
$
93

 
$
117

 
$
103

 
$
127

Ratio of earnings to fixed charges
 
4.65

 
5.85

 
4.41

 
4.34

 
3.55