EX-12 10 ten-20171231x10kexx12.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,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
(Dollars in Millions)
Net Income attributable to Tenneco Inc.
 
$
207

 
$
356

 
$
241

 
$
225

 
$
182

Add:
 


 


 


 


 


Interest expense
 
73

 
92

 
67

 
91

 
80

Portion of rentals representative of the interest factor
 
24

 
21

 
20

 
21

 
19

Income tax expense
 
70

 
—

 
146

 
131

 
122

Noncontrolling interests
 
67

 
68

 
54

 
44

 
38

Amortization of interest capitalized
 
5

 
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
 
$
447

 
$
541

 
$
533

 
$
513

 
$
445

Interest expense
 
$
73

 
$
92

 
$
67

 
$
91

 
$
80

Interest capitalized
 
8

 
6

 
6

 
5

 
4

Portion of rentals representative of the interest factor
 
24

 
21

 
20

 
21

 
19

Fixed charges as defined
 
$
105

 
$
119

 
$
93

 
$
117

 
$
103

Ratio of earnings to fixed charges
 
4.26

 
4.55

 
5.73

 
4.38

 
4.32