EX-99.6 9 l36123aexv99w6.htm EX-99.6 EX-99.6
Exhibit 99.6
EXHIBIT 12.1
THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
(Dollars in millions)   2008     2007     2006     2005     2004  
EARNINGS
                                        
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
   $ 176     $ 436     $ (230 )   $ 424     $ 218  
 
                                        
Add:
                                        
Amortization of previously capitalized interest
     8       10       12       11       11  
Distributed income of equity investees
     3       3       5       7       3  
 
                              
Total additions
     11       13       17       18       14  
 
                                        
Deduct:
                                        
Capitalized interest
     23       10       7       7       7  
Minority interest in pre-tax income of consolidated subsidiaries with no fixed charges
     11       14       8       12       11  
 
                              
Total deductions
     34       24       15       19       18  
 
                                        
TOTAL EARNINGS (LOSS)
   $ 153     $ 425     $ (228 )   $ 423     $ 214  
 
                              
 
                                        
FIXED CHARGES
                                        
Interest expense
   $ 320     $ 470     $ 467     $ 426     $ 376  
Capitalized interest
     23       10       7       7       7  
Amortization of debt discount, premium or expense
     17       26       21       29       62  
Interest portion of rental expense (1)
     105       101       98       94       91  
Proportionate share of fixed charges of investees accounted for by the equity method
     1       1       —       —       —  
 
                              
 
                                        
TOTAL FIXED CHARGES
   $ 466     $ 608     $ 593     $ 556     $ 536  
 
                              
 
                                        
TOTAL EARNINGS BEFORE FIXED CHARGES
   $ 619     $ 1,033     $ 365     $ 979     $ 750  
 
                              
 
                                        
RATIO OF EARNINGS TO FIXED CHARGES
     1.33       1.70       *       1.76       1.40  
 
*   Earnings for the year ended December 31, 2006 were inadequate to cover fixed charges. The coverage deficiency was $228 million.
 
(1)   Interest portion of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.

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