EX-12 2 ten-2018630x10qexhibit12.htm EXHIBIT 12 Exhibit



EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

 
Six Months Ended June 30,
 
2018
 
2017
 
(Millions)
Net income attributable to Tenneco Inc.
$
108

 
$
56

Add:
 
 
 
Interest expense
40

 
35

Portion of rental representative of the interest factor
13

 
12

Income tax expense
52

 
25

Noncontrolling interests
30

 
32

Amortization of interest capitalized
2

 
2

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

 
1

Earnings as defined
$
245

 
$
163

Interest expense
40

 
35

Interest capitalized
3

 
4

Portion of rentals representative of the interest factor
13

 
12

Fixed charges as defined
$
56

 
$
51

Ratio of earnings to fixed charges
4.38

 
3.20